Everest Group, Ltd. $EG Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank trimmed its Everest Group (NYSE:EG) stake by 5.1% in Q3, selling 6,600 shares and now owning 122,600 shares (~0.29% of the company) worth about $42.94 million; institutional investors collectively hold 92.64% of the stock.
• Everest reported quarterly EPS of $13.26, missing estimates by $0.10 while revenue beat at $4.42 billion despite a 4.6% year‑over‑year decline, and analysts' consensus rating is a Hold with an average price target of $363.21 (six Buys, ten Holds).
• The company announced a quarterly dividend of $2.00 (annualized $8.00) for a ~2.5% yield, with an ex‑dividend date of March 13 and payment on March 27.

Swiss National Bank trimmed its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,600 shares of the company's stock after selling 6,600 shares during the quarter. Swiss National Bank owned about 0.29% of Everest Group worth $42,938,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EG. Geneos Wealth Management Inc. raised its holdings in Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock worth $66,000 after purchasing an additional 90 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Everest Group in the 2nd quarter valued at $384,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Everest Group in the 2nd quarter valued at $2,438,000. Allworth Financial LP grew its position in shares of Everest Group by 96.8% in the 2nd quarter. Allworth Financial LP now owns 183 shares of the company's stock valued at $62,000 after buying an additional 90 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in Everest Group during the 2nd quarter worth $205,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Mizuho set a $360.00 price target on shares of Everest Group in a research report on Wednesday, February 11th. Cantor Fitzgerald dropped their price objective on Everest Group from $348.00 to $344.00 and set a "neutral" rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Everest Group in a research report on Thursday, January 22nd. TD Cowen reduced their target price on Everest Group from $400.00 to $365.00 and set a "hold" rating for the company in a report on Monday, December 15th. Finally, Zacks Research raised Everest Group from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $363.21.

Everest Group Trading Up 0.4%

Shares of Everest Group stock opened at $322.79 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $13.04 billion, a P/E ratio of 8.53, a PEG ratio of 0.23 and a beta of 0.34. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The company's fifty day moving average is $331.00 and its two-hundred day moving average is $332.67.

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

Everest Group Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.