Davis Selected Advisers Has $40.05 Million Position in Everest Group, Ltd. $EG

Key Points

• Davis Selected Advisers raised its stake in Everest Group by 199.3% in Q4 to 118,017 shares worth about $40.05 million, roughly 0.28% of the company.
• Q1 results reported EPS of $16.08 (beating the $13.97 estimate) while revenue was $4.07B (slightly below estimates); the stock trades at a PE of 7.19 and carries a MarketBeat consensus "Hold" rating with a $366.14 price target.
• Dividend: the company pays a quarterly $2.00 dividend (annualized $8.00) for a yield of 2.3% and a payout ratio of 21.13%.

Davis Selected Advisers raised its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 199.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,017 shares of the company's stock after buying an additional 78,589 shares during the period. Davis Selected Advisers owned about 0.28% of Everest Group worth $40,049,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EG. Geneos Wealth Management Inc. boosted its stake 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 valued at $66,000 after buying an additional 90 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Everest Group during the 2nd quarter valued at $384,000. Marshall Wace LLP acquired a new stake in shares of Everest Group during the 2nd quarter valued at $238,000. Jump Financial LLC acquired a new stake in shares of Everest Group during the 2nd quarter valued at $1,510,000. Finally, Federated Hermes Inc. boosted its stake in shares of Everest Group by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company's stock valued at $4,898,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Everest Group in a research note on Thursday, January 22nd. Wells Fargo & Company lifted their target price on shares of Everest Group from $304.00 to $332.00 and gave the company an "equal weight" rating in a research note on Thursday, April 16th. Mizuho lifted their target price on shares of Everest Group from $360.00 to $365.00 and gave the company a "neutral" rating in a research note on Monday, April 13th. Finally, Cantor Fitzgerald decreased their target price on shares of Everest Group from $348.00 to $344.00 and set a "neutral" rating for the company in a research note on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Everest Group currently has an average rating of "Hold" and a consensus price target of $366.14.

Everest Group Stock Down 0.9%

EG stock opened at $353.54 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $368.29. The company has a fifty day simple moving average of $333.26 and a 200 day simple moving average of $329.77. The firm has a market cap of $17.59 billion, a PE ratio of 7.19, a PEG ratio of 0.27 and a beta of 0.35.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $16.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $13.97 by $2.11. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.17 billion. Everest Group had a net margin of 11.76% and a return on equity of 14.70%. Everest Group's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.45 EPS. Sell-side analysts anticipate that Everest Group, Ltd. will post 52.99 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 13th. Everest Group's dividend payout ratio (DPR) is 21.13%.

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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