Everest Group, Ltd. $EG Stock Position Lifted by Board of the Pension Protection Fund

Key Points

• Board of the Pension Protection Fund raised its stake in Everest Group by 293.8% in Q4, acquiring 3,820 shares to hold 5,120 shares worth $1.737 million, making EG its 10th-largest position (1.7% of the fund).
• Everest reported quarterly EPS of $13.26 (missing consensus by $0.10) with revenue of $4.42 billion (above expectations) and revenue down 4.6% year-over-year; analysts forecast full-year EPS of 47.93.
• The company pays a $2.00 quarterly dividend ($8.00 annual, a 2.5% yield, DPR 21.13%), has a market cap of $12.76 billion and a PE of 8.34, is 92.64% institutionally owned, and carries a consensus "Hold" rating with an average target of $363.21.

Board of the Pension Protection Fund raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 293.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,120 shares of the company's stock after purchasing an additional 3,820 shares during the quarter. Everest Group accounts for 1.7% of Board of the Pension Protection Fund's investment portfolio, making the stock its 10th largest position. Board of the Pension Protection Fund's holdings in Everest Group were worth $1,737,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Everest Group during the third quarter worth about $30,000. UMB Bank n.a. raised its position in shares of Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company's stock valued at $37,000 after purchasing an additional 48 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the second quarter valued at approximately $39,000. MUFG Securities EMEA plc purchased a new stake in shares of Everest Group during the 2nd quarter valued at approximately $43,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Everest Group by 57.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 134 shares of the company's stock valued at $47,000 after buying an additional 49 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Everest Group stock opened at $315.88 on Friday. The firm's 50 day simple moving average is $329.44 and its 200 day simple moving average is $331.93. 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 firm has a market capitalization of $12.76 billion, a PE ratio of 8.34, a price-to-earnings-growth 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.

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

Everest Group Dividend Announcement

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

Analyst Upgrades and Downgrades

EG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $400.00 to $430.00 and gave the company an "outperform" rating in a research note on Tuesday, January 6th. Cantor Fitzgerald dropped their target price on Everest Group from $348.00 to $344.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Everest Group in a report on Thursday, January 22nd. Mizuho set a $360.00 price target on Everest Group in a research report on Wednesday, February 11th. Finally, Zacks Research raised Everest Group from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $363.21.

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.

Want to see what other hedge funds are holding EG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Group, Ltd. (NYSE:EG - Free Report).

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.