Perpetual Ltd Increases Stock Position in Everest Group, Ltd. $EG

Key Points

• Perpetual Ltd raised its stake in Everest Group by 4.1% in Q4, adding 4,472 shares to hold 113,986 shares worth about $38.68 million (≈0.27% of the company).
• Everest's latest quarter showed EPS $13.26 (slightly below the $13.36 consensus) while revenue was $4.42 billion (above estimates) but down 4.6% year-over-year; the company pays a $2.00 quarterly dividend ($8.00 annual, 2.4% yield).
• Analysts' consensus rating is "Hold" with a target price of $363.21, and institutional/hedge funds own roughly 92.64% of the stock.

Perpetual Ltd raised its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,986 shares of the company's stock after acquiring an additional 4,472 shares during the period. Perpetual Ltd owned approximately 0.27% of Everest Group worth $38,681,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EG. Geneos Wealth Management Inc. increased its holdings in Everest Group by 98.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock valued at $66,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Everest Group during the second quarter worth $384,000. Prudential Financial Inc. boosted its position in shares of Everest Group by 33.9% during the second quarter. Prudential Financial Inc. now owns 6,900 shares of the company's stock worth $2,345,000 after buying an additional 1,745 shares during the period. Schroder Investment Management Group boosted its position in shares of Everest Group by 425.0% during the second quarter. Schroder Investment Management Group now owns 17,078 shares of the company's stock worth $5,804,000 after buying an additional 13,825 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Everest Group by 10.6% in the second quarter. 1832 Asset Management L.P. now owns 4,837 shares of the company's stock valued at $1,644,000 after buying an additional 464 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

Shares of NYSE EG opened at $327.11 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. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $368.29. The firm has a market capitalization of $13.21 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34. The stock's 50-day simple moving average is $329.53 and its 200-day simple moving average is $330.39.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $13.36 by ($0.10). The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned ($18.39) earnings per share. As a group, equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $2.00 dividend. The ex-dividend date was Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group's dividend payout ratio is presently 21.13%.

Analysts Set New Price Targets

EG has been the topic of several research analyst reports. TD Cowen decreased their target price on Everest Group from $400.00 to $365.00 and set a "hold" rating on the stock in a research note on Monday, December 15th. Mizuho set a $360.00 target price on Everest Group in a research report on Wednesday, February 11th. Cantor Fitzgerald cut their price target on shares of Everest Group from $348.00 to $344.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company lowered their price objective on shares of Everest Group from $332.00 to $310.00 and set an "equal weight" rating for the company in a research note on Friday, February 6th. Finally, Zacks Research upgraded shares of Everest Group from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.

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