Dupree Financial Group LLC Has $11.95 Million Stake in Everest Group, Ltd. $EG

Key Points

• Dupree Financial Group increased its stake in Everest Group by 19.9% in Q4 to 35,226 shares valued at about $11.95 million, making Everest roughly 4.4% of Dupree’s holdings and its 6th largest position (Dupree owns 0.08% of Everest).
• Everest reported Q results with EPS of $13.26 (missing consensus by $0.10) and revenue of $4.42 billion (above consensus) while revenue was down 4.6% year-over-year; the stock trades at a ~9.1 P/E with a $17.1 billion market cap.
• Everest pays a $2.00 quarterly dividend ($8.00 annualized, ~2.3% yield, 21.1% payout ratio) and carries a consensus analyst rating of Hold with an average price target of $366.14.

Dupree Financial Group LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,226 shares of the company's stock after buying an additional 5,846 shares during the quarter. Everest Group comprises approximately 4.4% of Dupree Financial Group LLC's holdings, making the stock its 6th largest position. Dupree Financial Group LLC owned 0.08% of Everest Group worth $11,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EG. Geneos Wealth Management Inc. grew its stake in 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 buying an additional 90 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Everest Group during the 2nd quarter worth $384,000. Marshall Wace LLP bought a new position in Everest Group during the 2nd quarter worth $238,000. Jump Financial LLC bought a new position in Everest Group during the 2nd quarter worth $1,510,000. Finally, Federated Hermes Inc. grew its stake in Everest Group by 3.7% during the 2nd quarter. Federated Hermes Inc. now owns 14,411 shares of the company's stock worth $4,898,000 after buying an additional 510 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research upgraded Everest Group from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Mizuho increased their price target on Everest Group from $360.00 to $365.00 and gave the stock a "neutral" rating in a research note on Monday, April 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Everest Group in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods decreased their price target on Everest Group from $430.00 to $402.00 and set an "outperform" rating for the company in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company increased their price target on Everest Group from $304.00 to $332.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 16th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Everest Group has an average rating of "Hold" and a consensus price target of $366.14.

Everest Group Trading Down 2.1%

Shares of EG stock opened at $343.45 on Friday. The stock has a 50-day simple moving average of $332.89 and a 200 day simple moving average of $329.99. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The stock has a market capitalization of $17.08 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.26 and a beta of 0.34. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the business earned ($18.39) EPS. The company's quarterly revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts expect that Everest Group, Ltd. will post 52.99 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 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 (DPR) is currently 21.13%.

About Everest Group

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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