New York State Common Retirement Fund Has $18.44 Million Stake in Everest Group, Ltd. $EG

New York State Common Retirement Fund lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 18.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,646 shares of the company’s stock after acquiring an additional 8,059 shares during the period. New York State Common Retirement Fund’s holdings in Everest Group were worth $18,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Everest Group in the 2nd quarter worth about $601,300,000. AQR Capital Management LLC boosted its position in Everest Group by 65.6% in the second quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock valued at $399,626,000 after buying an additional 467,656 shares in the last quarter. Altrinsic Global Advisors LLC grew its stake in 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 holdings in shares of Everest Group by 54.6% during the second quarter. Donald Smith & CO. Inc. now owns 311,037 shares of the company’s stock worth $105,706,000 after buying an additional 109,848 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Everest Group by 37.5% in the second 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 last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

EG stock opened at $331.26 on Monday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.91 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 0.23 and a beta of 0.36. The business’s fifty day moving average is $325.41 and its 200-day moving average is $332.63.

Everest Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EG shares. 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 note on Tuesday, January 6th. Mizuho set a $358.00 price objective on shares of Everest Group in a report on Wednesday, January 14th. Wall Street Zen downgraded shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Cantor Fitzgerald reduced their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus target price of $364.64.

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.