Voya Investment Management LLC Sells 7,299 Shares of Everest Group, Ltd. $EG

Voya Investment Management LLC lowered its stake in shares of Everest Group, Ltd. (NYSE:EG) by 43.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,511 shares of the company’s stock after selling 7,299 shares during the quarter. Voya Investment Management LLC’s holdings in Everest Group were worth $3,331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EG. Kestra Advisory Services LLC lifted its position in shares of Everest Group by 21.5% during the 1st quarter. Kestra Advisory Services LLC now owns 4,692 shares of the company’s stock valued at $1,705,000 after acquiring an additional 829 shares during the period. SVB Wealth LLC bought a new stake in Everest Group during the first quarter worth about $30,000. OMERS ADMINISTRATION Corp grew its stake in Everest Group by 18.5% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,407 shares of the company’s stock worth $2,328,000 after buying an additional 998 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ increased its holdings in Everest Group by 7.7% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 11,028 shares of the company’s stock valued at $4,007,000 after buying an additional 784 shares during the period. Finally, WPG Advisers LLC bought a new position in Everest Group in the 1st quarter valued at about $37,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cowen reissued a “hold” rating on shares of Everest Group in a research note on Tuesday, October 7th. Mizuho began coverage on Everest Group in a report on Monday, December 15th. They set a “neutral” rating and a $359.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on Everest Group from $424.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. TD Cowen lowered their target price on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Finally, Wells Fargo & Company dropped their target price on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating for the company in a report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $367.87.

Everest Group Stock Performance

Shares of EG stock opened at $337.69 on Friday. The business’s 50-day moving average price is $323.37 and its 200-day moving average price is $334.09. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $373.23. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.30 and a beta of 0.39. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.39 by ($5.85). The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $11.80 EPS. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. 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.