Danske Bank A S Sells 41,825 Shares of Everest Group, Ltd. $EG

Key Points

• Danske Bank cut its stake in Everest Group by 41.2% in Q4, selling 41,825 shares and now holds 59,672 shares worth $20.25 million (about 0.14% of the company).
• Everest reported quarterly EPS of $16.08, beating estimates by $2.11 while revenue fell 4.6% to $4.07 billion; the firm has a $17.59 billion market cap, a P/E of 7.19, and pays a $2.00 quarterly dividend (~2.3% yield).
• Analyst coverage is mixed with an average rating of Hold and a $366.14 target, and institutional investors own roughly 92.6% of Everest, with several funds recently adjusting positions.

Danske Bank A S reduced its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,672 shares of the company's stock after selling 41,825 shares during the period. Danske Bank A S owned 0.14% of Everest Group worth $20,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Everest Group by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company's stock valued at $228,418,000 after buying an additional 29,586 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Everest Group by 9.2% in the third quarter. Clear Harbor Asset Management LLC now owns 17,942 shares of the company's stock valued at $6,284,000 after buying an additional 1,517 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Everest Group in the third quarter valued at approximately $589,000. Cerity Partners LLC raised its position in shares of Everest Group by 46.4% in the third quarter. Cerity Partners LLC now owns 43,771 shares of the company's stock valued at $15,330,000 after buying an additional 13,864 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Everest Group by 141.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,076 shares of the company's stock valued at $7,690,000 after buying an additional 12,343 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

Shares of EG stock opened at $353.54 on Friday. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.35. The company has a 50 day moving average price of $333.26 and a 200 day moving average price of $329.62. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $16.08 EPS for the quarter, topping the consensus estimate of $13.97 by $2.11. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same quarter in the prior year, the business posted $6.45 earnings per share. Everest Group's revenue for the quarter was down 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Everest Group, Ltd. will post 53.31 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 annualized dividend and a yield of 2.3%. Everest Group's dividend payout ratio is 16.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EG shares. Cantor Fitzgerald cut their price objective on shares of Everest Group from $348.00 to $344.00 and set a "neutral" rating for the company in a research report on Wednesday, January 14th. UBS Group reissued a "buy" rating and issued a $345.00 price objective on shares of Everest Group in a research report on Monday, January 12th. Zacks Research raised shares of Everest Group from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Evercore set a $365.00 price target on shares of Everest Group in a research report on Wednesday, January 7th. Finally, Mizuho upped their price target on shares of Everest Group from $360.00 to $365.00 and gave the stock a "neutral" rating in a research report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Everest Group presently has an average rating of "Hold" and an average target price of $366.14.

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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