GSA Capital Partners LLP Takes $5.77 Million Position in Everest Group, Ltd. $EG

GSA Capital Partners LLP bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,140 shares of the company’s stock, valued at approximately $5,766,000. Everest Group makes up approximately 0.4% of GSA Capital Partners LLP’s investment portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in EG. Trifecta Capital Advisors LLC acquired a new position in Everest Group in the 2nd quarter worth $29,000. Activest Wealth Management purchased a new position in Everest Group in the 4th quarter valued at about $34,000. Raiffeisen Bank International AG acquired a new stake in shares of Everest Group during the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Everest Group during the fourth quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group during the second quarter worth about $39,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group boosted their price target on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Cantor Fitzgerald raised their price objective on Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Mizuho cut their target price on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Evercore set a $377.00 target price on Everest Group in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus price target of $393.93.

Everest Group Stock Up 1.1%

EG stock opened at $369.91 on Friday. The stock has a market cap of $14.18 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.73 and a beta of 0.29. The firm’s 50-day simple moving average is $363.11 and its 200 day simple moving average is $345.40. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the business posted $16.10 EPS. Everest Group’s revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Everest Group, Ltd. will post 53.13 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s payout ratio is 16.92%.

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.