Swiss Life Asset Management Ltd Purchases 2,034 Shares of Everest Group, Ltd. $EG

Swiss Life Asset Management Ltd raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 36.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,649 shares of the company’s stock after acquiring an additional 2,034 shares during the period. Swiss Life Asset Management Ltd’s holdings in Everest Group were worth $2,679,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Natixis boosted its stake in shares of Everest Group by 1,456.3% in the 2nd quarter. Natixis now owns 65,941 shares of the company’s stock valued at $22,410,000 after purchasing an additional 61,704 shares in the last quarter. Osaic Holdings Inc. raised its position in Everest Group by 1,863.2% in the 2nd quarter. Osaic Holdings Inc. now owns 25,208 shares of the company’s stock worth $9,137,000 after purchasing an additional 23,924 shares during the period. Balyasny Asset Management L.P. lifted its stake in Everest Group by 37.5% in the second quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company’s stock worth $114,425,000 after purchasing an additional 91,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Everest Group by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock worth $228,418,000 after purchasing an additional 29,586 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in Everest Group by 157.9% during the third quarter. Brighton Jones LLC now owns 6,635 shares of the company’s stock valued at $2,324,000 after buying an additional 4,062 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of recent research reports. Mizuho set a $360.00 price objective on Everest Group in a research note on Wednesday, February 11th. TD Cowen lowered their target price on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Barclays lifted their price target on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average target price of $363.21.

Everest Group Price Performance

Shares of Everest Group stock opened at $324.41 on Tuesday. The company’s fifty day simple moving average is $329.03 and its two-hundred day simple moving average is $331.39. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The firm has a market cap of $13.10 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. 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 (NYSE:EG) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing the consensus estimate of $13.36 by ($0.10). The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the company posted ($18.39) earnings per share. As a group, equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. Everest Group’s dividend payout ratio is presently 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.