iSAM Funds UK Ltd Makes New Investment in Everest Group, Ltd. $EG

iSAM Funds UK Ltd acquired a new stake in Everest Group, Ltd. (NYSE:EG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 1,720 shares of the company’s stock, valued at approximately $614,000.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Everest Group in the second quarter valued at about $1,150,555,000. Norges Bank purchased a new stake in Everest Group during the 4th quarter worth approximately $630,277,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at approximately $350,718,000. AQR Capital Management LLC raised its position in shares of Everest Group by 70.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Everest Group by 12,322.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after purchasing an additional 515,063 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EG has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price target on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. TD Cowen upped their price target on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Mizuho reduced their price objective on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, UBS Group boosted their target price on shares of Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $395.27.

Everest Group Price Performance

EG opened at $378.70 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $372.42 and its 200 day moving average price is $349.59. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.74 and a beta of 0.28.

Everest Group (NYSE:EG) last issued its earnings results on Tuesday, June 30th. The company reported $14.85 EPS for the quarter. The company 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%. As a group, sell-side analysts expect that Everest Group, Ltd. will post 53.28 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is 16.92%.

Everest Group 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.