10,947 Shares in Everest Group, Ltd. $EG Acquired by OneDigital Investment Advisors LLC

Key Points

• OneDigital Investment Advisors acquired 10,947 Everest Group shares worth approximately $3.91 million during the second quarter. Institutional investors collectively own 92.64% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $393.93, though individual targets range from $360 to $484.
• Everest Group reported quarterly EPS of $14.85, beating estimates, while revenue fell 11.8% year over year to $3.96 billion. The company declared a $2.00 quarterly dividend, equivalent to an annualized yield of about 2.2%.

OneDigital Investment Advisors LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,947 shares of the company's stock, valued at approximately $3,911,000.

Other large investors have also recently made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of Everest Group by 4,077.5% during the 4th quarter. M&T Bank Corp now owns 79,205 shares of the company's stock worth $26,878,000 after purchasing an additional 77,309 shares during the period. Algebris UK Ltd. bought a new position in shares of Everest Group during the fourth quarter valued at approximately $23,460,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company's stock worth $176,205,000 after buying an additional 515,063 shares during the period. Bank of America Corp DE grew its position in Everest Group by 7.7% in the 1st quarter. Bank of America Corp DE now owns 233,326 shares of the company's stock valued at $76,263,000 after acquiring an additional 16,701 shares during the last quarter. Finally, National Pension Service grew its position in Everest Group by 13.2% in the 4th quarter. National Pension Service now owns 44,113 shares of the company's stock valued at $14,970,000 after acquiring an additional 5,157 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on EG shares. Weiss Ratings raised shares of Everest Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Morgan Stanley increased their price objective on Everest Group from $355.00 to $360.00 and gave the stock an "equal weight" rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods raised their price objective on Everest Group from $411.00 to $414.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Cantor Fitzgerald lifted their target price on Everest Group from $344.00 to $390.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Finally, Atlantic Securities set a $484.00 target price on Everest Group in a report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $393.93.

Everest Group Stock Down 0.1%

Shares of EG stock opened at $369.91 on Monday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $14.18 billion, a PE ratio of 7.82, a P/E/G ratio of 0.73 and a beta of 0.29. The stock's 50-day simple moving average is $363.11 and its 200-day simple moving average is $345.53.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.During the same period last year, the company earned $16.10 earnings per share. Everest Group's revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts expect that Everest Group, Ltd. will post 53.13 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group's payout ratio is 16.92%.

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.

Want to see what other hedge funds are holding EG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Group, Ltd. (NYSE:EG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source