Russell Investments Group Ltd. Has $50.90 Million Holdings in Everest Group, Ltd. $EG

Russell Investments Group Ltd. raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,334 shares of the company’s stock after purchasing an additional 18,977 shares during the quarter. Russell Investments Group Ltd.’s holdings in Everest Group were worth $50,895,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EG. Norges Bank acquired a new stake in shares of Everest Group during the 2nd quarter valued at $601,300,000. Vulcan Value Partners LLC raised its stake in shares of Everest Group by 13.9% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after acquiring an additional 172,479 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Everest Group by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock worth $414,385,000 after buying an additional 6,217 shares during the last quarter. AQR Capital Management LLC lifted its position in Everest Group by 65.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock worth $399,626,000 after acquiring an additional 467,656 shares during the last quarter. Finally, Altrinsic Global Advisors LLC boosted its stake in Everest Group by 37.2% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock valued at $318,540,000 after purchasing an additional 254,317 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EG has been the subject of several research reports. Wells Fargo & Company reduced their target price on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Mizuho set a $360.00 target price on shares of Everest Group in a report on Wednesday, February 11th. Evercore set a $365.00 price target on Everest Group in a report on Wednesday, January 7th. UBS Group restated a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods boosted their target price on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and an average target price of $363.21.

Everest Group Price Performance

NYSE EG opened at $327.45 on Wednesday. The firm’s 50 day moving average is $331.72 and its 200-day moving average is $332.82. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The company has a market capitalization of $13.23 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34.

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

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a yield of 2.4%. Everest Group’s payout ratio is 21.13%.

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.