Wealth Enhancement Advisory Services LLC Grows Position in Everest Group, Ltd. $EG

Wealth Enhancement Advisory Services LLC raised its position in Everest Group, Ltd. (NYSE:EG) by 141.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,076 shares of the company’s stock after acquiring an additional 12,343 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Everest Group were worth $7,690,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EG. Board of the Pension Protection Fund acquired a new stake in shares of Everest Group in the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in Everest Group in the second quarter valued at $39,000. MUFG Securities EMEA plc acquired a new stake in Everest Group in the second quarter valued at $43,000. MassMutual Private Wealth & Trust FSB raised its stake in Everest Group by 86.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock valued at $53,000 after buying an additional 70 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Everest Group by 96.8% during the 2nd quarter. Allworth Financial LP now owns 183 shares of the company’s stock worth $62,000 after buying an additional 90 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EG has been the topic of several research analyst reports. Barclays raised their target price on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Raymond James Financial reissued an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a report on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Evercore ISI set a $365.00 target price on shares of Everest Group in a research report on Wednesday, January 7th. Finally, UBS Group reissued a “buy” rating and issued a $345.00 price target on shares of Everest Group in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $365.33.

Everest Group Stock Up 0.5%

Everest Group stock opened at $323.46 on Friday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $373.23. The stock has a 50 day moving average of $324.06 and a two-hundred day moving average of $333.01. 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 stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 0.23 and a beta of 0.38.

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

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, November 26th. Everest Group’s dividend payout ratio (DPR) is 60.93%.

Insider Activity

In other news, Director Allan Levine purchased 3,100 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were acquired at an average cost of $306.08 per share, for a total transaction 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. The trade was a 294.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. purchased 11,385 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were purchased at an average cost 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 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 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.