Bank of Montreal Can Purchases 41,928 Shares of Everest Group, Ltd. $EG

Key Points

• Bank of Montreal Can increased its stake in Everest Group by 19.5%, acquiring 41,928 shares to own 257,198 shares worth about $90.08 million (≈0.61% of the company).
• Everest Group announced a quarterly dividend of $2.00 per share (annualized $8.00; yield 2.5%), with an ex-dividend date of March 13 and payment on March 27.
• Everest reported quarterly EPS of $13.26 (missed by $0.10) and revenue of $4.42 billion (beat estimates), trades at a P/E of 8.48, and carries an average analyst target of $363.21 with a consensus "Hold" rating.

Bank of Montreal Can raised its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,198 shares of the company's stock after acquiring an additional 41,928 shares during the period. Bank of Montreal Can owned approximately 0.61% of Everest Group worth $90,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EG. Natixis raised its position in shares of Everest Group by 1,456.3% during the second quarter. Natixis now owns 65,941 shares of the company's stock valued at $22,410,000 after buying an additional 61,704 shares during the last quarter. Osaic Holdings Inc. grew its position in Everest Group by 1,863.2% during the second quarter. Osaic Holdings Inc. now owns 25,208 shares of the company's stock worth $9,137,000 after buying an additional 23,924 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Everest Group by 37.5% during the second quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company's stock valued at $114,425,000 after acquiring an additional 91,799 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Everest Group by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company's stock valued at $228,418,000 after acquiring an additional 29,586 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in Everest Group by 157.9% in the 3rd quarter. Brighton Jones LLC now owns 6,635 shares of the company's stock valued at $2,324,000 after acquiring an additional 4,062 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Price Performance

Everest Group stock opened at $321.10 on Thursday. The business's 50-day simple moving average is $331.34 and its 200 day simple moving average is $332.74. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.24 and a beta of 0.34. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($18.39) earnings per share. As a group, research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, March 13th. Everest Group's payout ratio is 21.13%.

Wall Street Analyst Weigh In

EG has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Everest Group from $365.00 to $377.00 and gave the stock an "overweight" rating in a research note on Thursday, January 8th. Zacks Research raised shares of Everest Group from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. UBS Group reissued a "buy" rating and issued a $345.00 target price on shares of Everest Group in a research note on Monday, January 12th. TD Cowen dropped their price target on shares of Everest Group from $400.00 to $365.00 and set a "hold" rating for the company in a research report on Monday, December 15th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Everest Group in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $363.21.

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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