Everest Group, Ltd. $EG Shares Sold by Mirabella Financial Services LLP

Key Points

• Mirabella Financial Services cut its stake in Everest Group by 17.5% in Q3, selling 13,582 shares and retaining 64,031 shares (about 0.15% of the company) valued at roughly $22.43 million, making it the firm's 13th largest holding.
• Everest's latest quarter showed EPS of $13.26 (missing estimates by $0.10) and revenue of $4.42 billion (beat), though revenue was down 4.6% year-over-year; the stock trades at a P/E of 8.47 with a market cap of about $12.95 billion.
• Everest announced a quarterly dividend of $2.00 per share (annualized $8.00) for a yield of 2.5%, with an ex-dividend date of March 13 and payment on March 27.

Mirabella Financial Services LLP reduced its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,031 shares of the company's stock after selling 13,582 shares during the quarter. Everest Group accounts for approximately 0.7% of Mirabella Financial Services LLP's portfolio, making the stock its 13th largest holding. Mirabella Financial Services LLP owned 0.15% of Everest Group worth $22,426,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Everest Group in the 3rd quarter valued at about $30,000. UMB Bank n.a. raised its position 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 during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group in the second quarter valued at about $39,000. MUFG Securities EMEA plc purchased a new stake in shares of Everest Group in the second quarter valued at about $43,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Everest Group by 57.6% in the third quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company's stock valued at $47,000 after purchasing an additional 49 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Price Performance

EG stock opened at $320.59 on Tuesday. The company has a market cap of $12.95 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $330.30 and a two-hundred day moving average price of $332.27.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The business had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company posted ($18.39) EPS. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group's payout ratio is presently 21.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EG. Wells Fargo & Company cut their price objective on Everest Group from $332.00 to $310.00 and set an "equal weight" rating for the company in a research report on Friday, February 6th. Barclays raised their price target on Everest Group from $365.00 to $377.00 and gave the stock an "overweight" rating in a research report on Thursday, January 8th. Zacks Research raised Everest Group from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $400.00 to $430.00 and gave the company an "outperform" rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Everest Group in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $363.21.

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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