HighTower Advisors LLC Has $17.16 Million Holdings in Everest Group, Ltd. $EG

HighTower Advisors LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 1,481.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,043 shares of the company’s stock after buying an additional 45,006 shares during the quarter. HighTower Advisors LLC’s holdings in Everest Group were worth $17,162,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EG. Geneos Wealth Management Inc. grew 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 valued at $66,000 after acquiring an additional 90 shares during the period. Sivia Capital Partners LLC acquired a new position in Everest Group during the second quarter worth $384,000. Marshall Wace LLP bought a new position in shares of Everest Group during the second quarter valued at $238,000. Jump Financial LLC bought a new position in shares of Everest Group during the second quarter valued at $1,510,000. Finally, Federated Hermes Inc. boosted its stake in shares of Everest Group by 3.7% in the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company’s stock valued at $4,898,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the topic of several analyst reports. Evercore set a $377.00 target price on shares of Everest Group in a report on Thursday, July 30th. Morgan Stanley lifted their price target on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. BMO Capital Markets boosted their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $395.27.

Everest Group Price Performance

Shares of EG stock opened at $370.47 on Wednesday. The stock’s fifty day moving average is $374.47 and its 200-day moving average is $350.66. 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 stock has a market capitalization of $14.21 billion, a PE ratio of 7.83, a PEG ratio of 0.75 and a beta of 0.28. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $401.07.

Everest Group (NYSE:EG) last released its quarterly earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. The business had revenue of $3.96 billion during the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%. Equities research analysts expect 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. Shareholders of record on Wednesday, September 9th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 9th. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

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.