Commerzbank Aktiengesellschaft FI Invests $1.21 Million in Everest Group, Ltd. $EG

Key Points

• Commerzbank Aktiengesellschaft FI purchased 3,393 Everest Group shares worth approximately $1.21 million in the second quarter. Other institutions also initiated positions, bringing institutional ownership to 92.64%.
• Everest Group reported quarterly EPS of $14.85, exceeding estimates of $14.52, while revenue fell 11.8% year over year to $3.96 billion. The company declared a quarterly dividend of $2.00 per share, equivalent to a 2.2% yield.
• Analysts have a consensus “Hold” rating, with an average price target of $393.93 versus the stock’s reported price of $367.83; recent target increases ranged from $395 to $430.

Commerzbank Aktiengesellschaft FI bought a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,393 shares of the company's stock, valued at approximately $1,212,000.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Everest Group during the 2nd quarter worth about $34,680,000. OneDigital Investment Advisors LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at about $3,911,000. Global Retirement Partners LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at about $182,000. Bank of New York Mellon Corp bought a new stake in shares of Everest Group during the 2nd quarter valued at about $71,530,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Everest Group during the 2nd quarter valued at about $477,000. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of Everest Group stock opened at $367.83 on Wednesday. The business has a 50-day simple moving average of $364.51 and a 200 day simple moving average of $346.12. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $401.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 0.73 and a beta of 0.29.

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, 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 for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the company earned $16.10 earnings per share. The company's quarterly revenue was down 11.8% on a year-over-year basis. On average, research analysts anticipate that Everest Group, Ltd. will post 53.13 earnings per share for the current fiscal 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 given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group's dividend payout ratio is presently 16.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EG shares. Barclays raised their target price on Everest Group from $420.00 to $430.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Citigroup increased their price target on Everest Group from $395.00 to $415.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. UBS Group raised their price objective on shares of Everest Group from $374.00 to $395.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price objective on shares of Everest Group from $373.00 to $396.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Finally, Evercore set a $377.00 target price on shares of Everest Group in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $393.93.

Everest Group 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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