Everest Group, Ltd. $EG Shares Acquired by Te Ahumairangi Investment Management Ltd

Key Points

• Te Ahumairangi Investment Management increased its stake in Everest Group (NYSE:EG) by 15.3% in Q3 to 47,940 shares, making EG its 5th largest holding and representing about 2.9% of the fund (Te Ahumairangi’s position valued at ~$16.79M).
• Everest Group reported Q results with EPS $13.26 (missed consensus by $0.10) but revenue of $4.42B beat estimates; revenue was down 4.6% YoY and analysts project ~47.93 EPS for the fiscal year.
• The company declared a quarterly dividend of $2.00 per share (annualized $8.00, ~2.5% yield), the stock has a market cap of ~$12.98B and a P/E of 8.49, and consensus analyst coverage rates EG as a "Hold" with a $363.21 target.

Te Ahumairangi Investment Management Ltd raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 15.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,940 shares of the company's stock after buying an additional 6,344 shares during the period. Everest Group accounts for about 2.9% of Te Ahumairangi Investment Management Ltd's portfolio, making the stock its 5th largest holding. Te Ahumairangi Investment Management Ltd owned about 0.11% of Everest Group worth $16,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EG. Root Financial Partners LLC acquired a new position in shares of Everest Group during the 3rd quarter worth about $30,000. UMB Bank n.a. raised its holdings in Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company's stock worth $37,000 after acquiring an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Everest Group during the second quarter valued at approximately $39,000. MUFG Securities EMEA plc bought a new position in Everest Group in the second quarter valued at approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Everest Group by 86.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company's stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

EG traded down $1.08 on Friday, reaching $321.26. The company had a trading volume of 29,612 shares, compared to its average volume of 371,402. The stock has a market cap of $12.98 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.23 and a beta of 0.34. 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, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The company's fifty day moving average is $331.00 and its 200 day moving average is $332.67.

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 the consensus estimate of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the business earned ($18.39) earnings per share. The company's revenue was down 4.6% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group's dividend payout ratio (DPR) is presently 21.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EG shares. Evercore set a $365.00 price objective on Everest Group in a research note on Wednesday, January 7th. Zacks Research upgraded shares of Everest Group from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. TD Cowen dropped their price target on shares of Everest Group from $400.00 to $365.00 and set a "hold" rating on the stock in a research report on Monday, December 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Everest Group in a research note on Thursday, January 22nd. Finally, UBS Group reissued a "buy" rating and issued a $345.00 price objective on shares of Everest Group in a research report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Everest Group has a consensus rating of "Hold" and a consensus target price of $363.21.

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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