Deutsche Bank AG Makes New Investment in Everest Group, Ltd. $EG

Deutsche Bank AG acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 161,837 shares of the company's stock, valued at approximately $57,813,000. Deutsche Bank AG owned about 0.42% of Everest Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EG. Siemens Fonds Invest GmbH raised its holdings in shares of Everest Group by 3.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company's stock worth $364,000 after purchasing an additional 34 shares during the last quarter. V Square Quantitative Management LLC grew its position in Everest Group by 4.0% during the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company's stock worth $316,000 after purchasing an additional 37 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Everest Group by 27.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company's stock valued at $58,000 after buying an additional 37 shares during the last quarter. GenTrust LLC raised its stake in shares of Everest Group by 4.8% during the 4th quarter. GenTrust LLC now owns 874 shares of the company's stock valued at $297,000 after buying an additional 40 shares during the last quarter. Finally, Tred Avon Family Wealth LLC lifted its holdings in shares of Everest Group by 6.5% in the 1st quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company's stock valued at $215,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group upped their target price on Everest Group from $374.00 to $395.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Weiss Ratings raised Everest Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $411.00 to $414.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. TD Cowen raised their price objective on shares of Everest Group from $365.00 to $385.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Citigroup lifted their target price on shares of Everest Group from $395.00 to $415.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $395.27.

Everest Group Stock Performance

NYSE:EG opened at $368.89 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $14.14 billion, a PE ratio of 7.80, a P/E/G ratio of 0.72 and a beta of 0.29. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The company has a fifty day moving average of $365.72 and a two-hundred day moving average of $346.63.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping analysts' consensus estimates of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.99 billion. During the same quarter in the previous year, the company earned $16.10 earnings per share. The company's quarterly revenue was down 11.8% on a year-over-year basis. As a group, research analysts forecast that Everest Group, Ltd. will post 52.83 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 9th. Everest Group's payout ratio is presently 16.92%.

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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