LSV Asset Management Decreases Stock Holdings in Everest Group, Ltd. $EG

LSV Asset Management trimmed its position in shares of Everest Group, Ltd. (NYSE:EG) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,720 shares of the company’s stock after selling 12,447 shares during the period. LSV Asset Management’s holdings in Everest Group were worth $135,791,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Darwin Wealth Management LLC increased its holdings in Everest Group by 6.2% during the 3rd quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock valued at $199,000 after purchasing an additional 33 shares during the period. Trail Ridge Investment Advisors LLC grew its position in shares of Everest Group by 3.3% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock worth $433,000 after buying an additional 40 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Everest Group by 2.8% during the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after buying an additional 40 shares during the period. Legacy Wealth Asset Management LLC increased its stake in shares of Everest Group by 2.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 1,493 shares of the company’s stock valued at $507,000 after buying an additional 42 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore set a $365.00 price target on shares of Everest Group in a report on Wednesday, January 7th. Wolfe Research raised shares of Everest Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reduced their price target on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. UBS Group reaffirmed a “buy” rating and set a $345.00 price objective on shares of Everest Group in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods upped their target price on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $363.21.

Everest Group Price Performance

Shares of EG opened at $332.47 on Thursday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The firm’s 50-day simple moving average is $328.07 and its two-hundred day simple moving average is $332.37. The stock has a market cap of $13.96 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.24 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($18.39) EPS. Analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

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.