16,140 Shares in Everest Group, Ltd. $EG Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners acquired 16,140 shares of Everest Group valued at approximately $5.77 million, making the stock about 0.4% of its portfolio. Institutional investors and hedge funds collectively own 92.64% of the company.
• Analyst sentiment is mostly neutral, with four Buy ratings and twelve Hold ratings. The consensus price target is $393.93, compared with the stock’s reported opening price of $369.91.
• Everest Group beat quarterly EPS expectations, reporting $14.85 versus the $14.52 consensus, although revenue fell 11.8% year over year. The company also announced a quarterly dividend of $2.00 per share, representing a 2.2% annualized yield.

GSA Capital Partners LLP bought a new position in Everest Group, Ltd. (NYSE:EG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,140 shares of the company's stock, valued at approximately $5,766,000. Everest Group accounts for approximately 0.4% of GSA Capital Partners LLP's portfolio, making the stock its 9th largest position.

Several other institutional investors also recently bought and sold shares of the business. Siemens Fonds Invest GmbH boosted its holdings in shares of Everest Group by 3.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company's stock worth $364,000 after purchasing an additional 34 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Everest Group by 4.0% in the first quarter. V Square Quantitative Management LLC now owns 968 shares of the company's stock valued at $316,000 after purchasing an additional 37 shares during the period. Brown Brothers Harriman & Co. increased its stake in Everest Group by 27.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company's stock valued at $58,000 after purchasing an additional 37 shares during the last quarter. GenTrust LLC increased its stake in Everest Group by 4.8% in the fourth quarter. GenTrust LLC now owns 874 shares of the company's stock valued at $297,000 after purchasing an additional 40 shares during the last quarter. Finally, Tred Avon Family Wealth LLC lifted its position in Everest Group by 6.5% during the first quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company's stock worth $215,000 after buying an additional 40 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EG shares. Weiss Ratings raised Everest Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Evercore set a $377.00 price objective on shares of Everest Group in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Everest Group from $373.00 to $396.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Mizuho decreased their target price on shares of Everest Group from $418.00 to $416.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $393.93.

Everest Group Stock Performance

NYSE:EG opened at $369.91 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 0.73 and a beta of 0.29. The firm's fifty day simple moving average is $363.11 and its 200 day simple moving average is $345.40. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $401.07.

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

Everest Group Announces Dividend

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

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