52,232 Shares in Everest Group, Ltd. $EG Purchased by Danske Bank A S

Danske Bank A S acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,232 shares of the company's stock, valued at approximately $18,659,000. Danske Bank A S owned 0.14% of Everest Group as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EG. BlackRock Inc. acquired a new position in Everest Group during the 2nd quarter worth approximately $1,150,555,000. Norges Bank acquired a new stake in shares of Everest Group in the 4th quarter valued at approximately $630,277,000. AQR Capital Management LLC boosted its stake in shares of Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company's stock valued at $695,275,000 after buying an additional 830,418 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $176,205,000 after buying an additional 515,063 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Everest Group by 507.4% during the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company's stock worth $147,102,000 after acquiring an additional 375,846 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EG shares. Evercore set a $377.00 target price on Everest Group in a report on Thursday, July 30th. TD Cowen upped their price target on shares of Everest Group from $365.00 to $385.00 and gave the stock a "hold" rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Everest Group from $355.00 to $360.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. Cantor Fitzgerald upped their target price on shares of Everest Group from $344.00 to $390.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, UBS Group increased their target price on shares of Everest Group from $374.00 to $395.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Everest Group currently has an average rating of "Hold" and a consensus price target of $395.27.

Everest Group Stock Up 1.4%

Everest Group stock opened at $368.89 on Friday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.72 and a beta of 0.29. The stock's fifty day moving average is $365.72 and its two-hundred day moving average is $346.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the previous year, the company posted $16.10 EPS. The business's revenue was down 11.8% on a year-over-year basis. Analysts predict that Everest Group, Ltd. will post 52.83 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 yield of 2.2%. The ex-dividend date is Wednesday, September 9th. Everest Group's dividend payout ratio (DPR) is 16.92%.

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.

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