Osmosis Investment Management UK Ltd Takes Position in Everest Group, Ltd. $EG

Osmosis Investment Management UK Ltd acquired a new stake in Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,923 shares of the company’s stock, valued at approximately $687,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Everest Group in the 2nd quarter valued at about $1,150,555,000. Norges Bank purchased a new position in Everest Group during the fourth quarter worth about $630,277,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Everest Group during the second quarter worth about $350,718,000. AQR Capital Management LLC increased its position in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after acquiring an additional 830,418 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Everest Group by 12,322.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Atlantic Securities set a $484.00 target price on shares of Everest Group in a report on Wednesday, July 15th. Cantor Fitzgerald upped their price target on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods upped their price target on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Mizuho lowered their price target on Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $395.27.

Everest Group Trading Down 0.2%

NYSE EG opened at $376.01 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.74 and a beta of 0.29. The firm has a 50 day simple moving average of $367.85 and a 200-day simple moving average of $347.54. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $16.10 EPS. Equities research analysts anticipate that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. Everest Group’s dividend payout ratio is currently 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.