National Pension Service Raises Stock Holdings in Everest Group, Ltd. $EG

National Pension Service lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,956 shares of the company’s stock after acquiring an additional 8,056 shares during the period. National Pension Service owned 0.09% of Everest Group worth $13,644,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Everest Group during the 2nd quarter worth $601,300,000. AQR Capital Management LLC boosted its stake in shares of Everest Group by 65.6% during the second quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock worth $399,626,000 after buying an additional 467,656 shares during the period. Altrinsic Global Advisors LLC grew its holdings in shares of Everest Group by 37.2% during the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock worth $318,540,000 after buying an additional 254,317 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Everest Group by 54.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 311,037 shares of the company’s stock valued at $105,706,000 after acquiring an additional 109,848 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Everest Group by 37.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company’s stock valued at $114,425,000 after acquiring an additional 91,799 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Cantor Fitzgerald lowered their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Thursday, January 22nd. Barclays raised their target price on shares of Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, Zacks Research upgraded shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $364.64.

Everest Group Stock Up 0.0%

EG stock opened at $331.40 on Tuesday. 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’s 50-day moving average price is $325.83 and its 200 day moving average price is $332.61. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $370.20. The company has a market cap of $13.91 billion, a P/E ratio of 25.24, a P/E/G ratio of 0.23 and a beta of 0.38.

Everest Group Announces Dividend

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

About Everest Group

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.