Massachusetts Financial Services Co. MA Sells 6,719 Shares of Everest Group, Ltd. $EG

Key Points

• Massachusetts Financial Services Co. trimmed its stake in Everest Group by 1.0% (sold 6,719 shares), leaving 645,475 shares — about 1.54% of the company valued at roughly $219.0 million; institutional investors own 92.64% of the stock.
• Everest reported quarterly EPS of $13.26, missing estimates by $0.10, while revenue beat at $4.42 billion (vs. $3.97B expected) but was down 4.6% year‑over‑year.
• The firm pays a quarterly dividend of $2.00 (annualized $8.00) for a ~2.4% yield; the stock trades at a P/E of 8.72 with a market cap near $13.33 billion and an average analyst rating of "Hold."

Massachusetts Financial Services Co. MA decreased its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 645,475 shares of the company's stock after selling 6,719 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.54% of Everest Group worth $219,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Darwin Wealth Management LLC increased its holdings in shares of Everest Group by 6.2% during the third quarter. Darwin Wealth Management LLC now owns 568 shares of the company's stock valued at $199,000 after acquiring an additional 33 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Everest Group by 2.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company's stock valued at $571,000 after acquiring an additional 34 shares in the last quarter. Trail Ridge Investment Advisors LLC increased its holdings in shares of Everest Group by 3.3% during the third quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company's stock valued at $433,000 after acquiring an additional 40 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Everest Group by 2.8% during the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company's stock valued at $513,000 after acquiring an additional 40 shares in the last quarter. Finally, BayBridge Capital Group LLC increased its holdings in shares of Everest Group by 4.4% during the fourth quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company's stock valued at $345,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Up 0.0%

Shares of NYSE:EG opened at $329.95 on Monday. The business's 50 day moving average is $329.90 and its 200 day moving average is $330.11. 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, Ltd. has a 12-month low of $302.44 and a 12-month high of $368.29. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.24 and a beta of 0.34.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.50% and a net margin of 9.09%.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 prior year, the firm posted ($18.39) EPS. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. On average, sell-side analysts forecast 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 was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 annualized dividend and a yield of 2.4%. Everest Group's payout ratio is currently 21.13%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Everest Group in a research report on Thursday, January 22nd. Zacks Research raised Everest Group from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Barclays lifted their target price on Everest Group from $377.00 to $380.00 and gave the company an "overweight" rating in a research report on Wednesday, April 8th. Mizuho set a $360.00 target price on Everest Group in a research report on Wednesday, February 11th. Finally, UBS Group reaffirmed a "buy" rating and set a $345.00 target price on shares of Everest Group in a research report on Monday, January 12th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $356.85.

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.