Everest Group, Ltd. $EG Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in Everest Group, Ltd. (NYSE:EG) by 87.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,633 shares of the company’s stock after buying an additional 2,626 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Everest Group were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in Everest Group in the 3rd quarter valued at about $30,000. Board of the Pension Protection Fund purchased a new stake in Everest Group in the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group in the 2nd quarter worth $39,000. MUFG Securities EMEA plc acquired a new stake in shares of Everest Group in the 2nd quarter worth $43,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Everest Group by 86.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock valued at $53,000 after acquiring an additional 70 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EG shares. Wolfe Research upgraded shares of Everest Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a research report on Monday, November 3rd. Wells Fargo & Company lowered their price target on Everest Group from $343.00 to $332.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, Cantor Fitzgerald reduced their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $365.33.

Everest Group Stock Up 0.3%

Shares of NYSE EG opened at $324.93 on Thursday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The stock has a market cap of $13.64 billion, a P/E ratio of 24.75, a PEG ratio of 0.23 and a beta of 0.38. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $324.52 and its 200-day simple moving average is $332.70.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the business earned $11.80 EPS. Everest Group’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, November 26th. Everest Group’s payout ratio is 60.93%.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.