Deprince Race & Zollo Inc. Purchases 29,299 Shares of Everest Group, Ltd. $EG

Key Points

• Deprince Race & Zollo increased its position in Everest Group by 31.7%, buying 29,299 shares to hold 121,630 shares (about 0.29% of the company) valued at $41.275 million at quarter-end.
• Everest posted mixed quarterly results—EPS of $13.26 missed estimates by $0.10 while revenue of $4.42 billion beat expectations and was down 4.6% year-over-year—and it pays a $2.00 quarterly dividend (annualized $8.00, yield 2.4%).
• The stock trades with a $13.33 billion market cap and a P/E of 8.72; analysts' consensus is a "Hold" with an average price target of $356.85, and institutional investors own roughly 92.6% of shares.

Deprince Race & Zollo Inc. increased its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 31.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,630 shares of the company's stock after acquiring an additional 29,299 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.29% of Everest Group worth $41,275,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC boosted its position in shares of Everest Group by 6.2% in the third quarter. Darwin Wealth Management LLC now owns 568 shares of the company's stock valued at $199,000 after acquiring an additional 33 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in Everest Group by 2.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company's stock valued at $571,000 after purchasing an additional 34 shares in the last quarter. Trail Ridge Investment Advisors LLC raised its stake in Everest Group by 3.3% in the third quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company's stock valued at $433,000 after purchasing an additional 40 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Everest Group by 2.8% in the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company's stock valued at $513,000 after purchasing an additional 40 shares in the last quarter. Finally, BayBridge Capital Group LLC raised its stake in Everest Group by 4.4% in the fourth quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company's stock valued at $345,000 after purchasing an additional 43 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Up 0.0%

EG stock opened at $329.95 on Monday. The company has a market capitalization of $13.33 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $368.29. The company's 50 day moving average price is $329.90 and its two-hundred day moving average price is $330.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $13.26 EPS for the quarter, missing the consensus estimate of $13.36 by ($0.10). The business had revenue of $4.42 billion for the quarter, compared to analysts' expectations of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company's revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business posted ($18.39) earnings per share. As a group, analysts predict that Everest Group, Ltd. will post 47.93 earnings per share 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 paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, March 13th. Everest Group's payout ratio is presently 21.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EG shares. Cantor Fitzgerald lowered their target price on shares of Everest Group from $348.00 to $344.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 14th. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Mizuho set a $360.00 target price on shares of Everest Group in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Everest Group in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $430.00 to $402.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $356.85.

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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