JB Capital LLC Invests $3.37 Million in Everest Group, Ltd. $EG

JB Capital LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,622 shares of the company’s stock, valued at approximately $3,370,000.

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

Everest Group Stock Performance

Shares of EG opened at $342.04 on Wednesday. The company has a market cap of $14.36 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 0.31 and a beta of 0.39. The firm has a 50-day moving average of $323.02 and a 200-day moving average of $334.12. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $373.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39.

Everest Group (NYSE:EG) last issued its 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 firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the company posted $11.80 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently announced 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. This represents a $8.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 26th. Everest Group’s payout ratio is currently 60.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 29th. Barclays dropped their price target on Everest Group from $425.00 to $365.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a research report on Monday, November 3rd. Keefe, Bruyette & Woods dropped their target price on Everest Group from $424.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Finally, Cowen reaffirmed a “hold” rating on shares of Everest Group in a research report on Tuesday, October 7th. 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. According to MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus price target of $367.87.

Insider Buying and Selling

In other Everest Group news, Director Allan Levine purchased 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were acquired at an average price of $306.08 per share, for a total transaction of $948,848.00. Following the purchase, the director owned 4,153 shares in the company, valued at approximately $1,271,150.24. The trade was a 294.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William F. Galtney, Jr. acquired 11,385 shares of Everest Group stock in a transaction on Wednesday, October 29th. The shares were bought at an average cost of $307.38 per share, with a total value of $3,499,521.30. Following the completion of the transaction, the director owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. This trade represents a 33.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by insiders.

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.