DAVENPORT & Co LLC Has $4.85 Million Holdings in Everest Group, Ltd. $EG

Key Points

• DAVENPORT & Co LLC trimmed its position in Everest Group by 26.3% in Q4, selling 5,094 shares and now holds 14,296 shares worth about $4.85 million.
• Everest Group reported Q earnings of $13.26 EPS (missed by $0.10) on $4.42 billion in revenue (which beat estimates but was down 4.6% YoY), and analysts carry a consensus "Hold" rating with an average target of $363.21.
• The company announced a quarterly dividend of $2.00 per share (annualized $8.00), a yield of ~2.5%, with an ex-dividend date of March 13 and payment on March 27.

DAVENPORT & Co LLC trimmed its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,296 shares of the company's stock after selling 5,094 shares during the period. DAVENPORT & Co LLC's holdings in Everest Group were worth $4,851,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock worth $66,000 after acquiring an additional 90 shares during the period. Sivia Capital Partners LLC bought a new position in Everest Group in the second quarter valued at approximately $384,000. Creative Planning raised its position in Everest Group by 19.5% during the second quarter. Creative Planning now owns 4,892 shares of the company's stock valued at $1,663,000 after purchasing an additional 797 shares in the last quarter. Cetera Investment Advisers raised its position in Everest Group by 17.5% during the second quarter. Cetera Investment Advisers now owns 3,601 shares of the company's stock valued at $1,224,000 after purchasing an additional 536 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Everest Group by 104.7% during the second quarter. JPMorgan Chase & Co. now owns 123,795 shares of the company's stock worth $42,075,000 after purchasing an additional 63,321 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on EG. Keefe, Bruyette & Woods raised their target price on Everest Group from $400.00 to $430.00 and gave the company an "outperform" rating in a report on Tuesday, January 6th. UBS Group reissued a "buy" rating and set a $345.00 price target on shares of Everest Group in a report on Monday, January 12th. Weiss Ratings restated a "hold (c)" rating on shares of Everest Group in a research report on Thursday, January 22nd. Wells Fargo & Company reduced their price objective on Everest Group from $332.00 to $310.00 and set an "equal weight" rating on the stock in a research note on Friday, February 6th. Finally, TD Cowen decreased their target price on Everest Group from $400.00 to $365.00 and set a "hold" rating on the stock in a research report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Everest Group has a consensus rating of "Hold" and an average target price of $363.21.

Everest Group Trading Up 0.0%

NYSE EG opened at $323.94 on Friday. The firm has a market capitalization of $13.08 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34. The business's 50-day moving average price is $329.12 and its two-hundred day moving average price is $331.18. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. 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 issued its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.Everest Group's revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned ($18.39) earnings per share. On average, analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group's dividend payout ratio is currently 21.13%.

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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