5,257 Shares in Everest Group, Ltd. $EG Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in Everest Group, Ltd. (NYSE:EG) in the second quarter, Holdings Channel reports. The fund acquired 5,257 shares of the company’s stock, valued at approximately $1,878,000.

Several other hedge funds have also recently modified their holdings of EG. Geneos Wealth Management Inc. boosted its position in Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Everest Group during the second quarter valued at about $384,000. Marshall Wace LLP purchased a new stake in Everest Group during the second quarter worth about $238,000. Jump Financial LLC bought a new stake in Everest Group in the second quarter worth about $1,510,000. Finally, Federated Hermes Inc. boosted its stake in Everest Group by 3.7% in the second quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after acquiring an additional 510 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup increased their price objective on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Barclays increased their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Cantor Fitzgerald raised their price objective on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Wells Fargo & Company raised their price target on Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Mizuho decreased their price target on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $395.27.

Everest Group Price Performance

Shares of NYSE EG opened at $380.04 on Thursday. The stock’s 50-day simple moving average is $368.71 and its two-hundred day simple moving average is $347.92. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $401.07. The firm has a market capitalization of $14.57 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.74 and a beta of 0.29. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

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

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th. 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.