Vest Financial LLC Lowers Position in Everest Group, Ltd. $EG

Vest Financial LLC decreased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 43.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,965 shares of the company’s stock after selling 24,897 shares during the period. Vest Financial LLC owned about 0.08% of Everest Group worth $11,545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after acquiring an additional 90 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Everest Group during the second quarter valued at about $384,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Everest Group by 91.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,733 shares of the company’s stock worth $2,947,000 after purchasing an additional 4,178 shares during the last quarter. Farther Finance Advisors LLC grew its position in Everest Group by 4.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock worth $277,000 after purchasing an additional 34 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in Everest Group by 46.1% in the 2nd quarter. Sowell Financial Services LLC now owns 928 shares of the company’s stock valued at $315,000 after buying an additional 293 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Mizuho set a $358.00 price objective on Everest Group in a research report on Wednesday, January 14th. Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wolfe Research upgraded Everest Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 29th. Finally, Evercore ISI set a $365.00 price target on shares of Everest Group in a report on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $365.33.

Everest Group Stock Performance

Shares of EG opened at $322.75 on Thursday. The firm has a market cap of $13.55 billion, a PE ratio of 24.58, a PEG ratio of 0.23 and a beta of 0.38. The stock’s fifty day moving average price is $324.22 and its two-hundred day moving average price is $333.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $373.23.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing the consensus estimate of $13.39 by ($5.85). Everest Group had a return on equity of 3.74% and a net margin of 3.12%.The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company posted $11.80 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were paid a $2.00 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is presently 60.93%.

Insider Activity at Everest Group

In other Everest Group news, Director William F. Galtney, Jr. purchased 11,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were bought at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the purchase, the director owned 45,491 shares of the company’s stock, valued at $13,983,023.58. This represents a 33.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allan Levine acquired 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average cost of $306.08 per share, with a total value of $948,848.00. Following the completion of the acquisition, the director owned 4,153 shares in the company, valued at $1,271,150.24. This trade represents a 294.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

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.