Everest Group, Ltd. $EG Stake Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 19.0% during the third quarter, Holdings Channel reports. The firm owned 67,520 shares of the company’s stock after buying an additional 10,758 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Everest Group were worth $23,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in Everest Group during the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Everest Group during the second quarter valued at $39,000. MUFG Securities EMEA plc acquired a new position in shares of Everest Group during the second quarter valued at $43,000. Geneos Wealth Management Inc. grew its position in shares of Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after acquiring an additional 90 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Everest Group by 96.8% in the 2nd quarter. Allworth Financial LP now owns 183 shares of the company’s stock worth $62,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI set a $365.00 target price on shares of Everest Group in a research note on Wednesday. Zacks Research downgraded Everest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, December 12th. Keefe, Bruyette & Woods raised their target price on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday. Wolfe Research raised Everest Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 29th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $350.00 price target on shares of Everest Group in a research report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $369.40.

Everest Group Stock Performance

NYSE:EG opened at $337.91 on Friday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $373.23. 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 company has a 50-day moving average of $323.88 and a 200-day moving average of $334.22. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38.

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

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is currently 60.93%.

Insiders Place Their Bets

In related news, Director William F. Galtney, Jr. purchased 11,385 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the transaction, the director directly owned 45,491 shares of the company’s stock, valued at $13,983,023.58. This trade represents a 33.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Allan Levine purchased 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the purchase, the director directly owned 4,153 shares in the company, valued at $1,271,150.24. This represents a 294.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.10% of the company’s stock.

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.