Polianta Ltd Invests $2 Million in Everest Group, Ltd. $EG

Key Points

• Polianta Ltd. purchased 5,600 Everest Group shares worth approximately $2 million, making the stock 0.2% of its portfolio. Institutional investors collectively own 92.64% of Everest Group.
• Everest Group reported quarterly earnings of $14.85 per share, exceeding estimates of $14.52, while revenue totaled $3.96 billion and declined 11.8% year over year.
• The company pays a quarterly dividend of $2 per share, or $8 annually, yielding about 2.1%. Analysts maintain a consensus “Hold” rating with an average price target of $393.93, versus a recent share price of $374.14.

Polianta Ltd purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,600 shares of the company's stock, valued at approximately $2,000,000. Everest Group makes up approximately 0.2% of Polianta Ltd's investment portfolio, making the stock its 28th biggest position.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management purchased a new position in Everest Group in the 4th quarter worth about $34,000. Raiffeisen Bank International AG purchased a new stake in shares of Everest Group during the 4th quarter valued at about $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Everest Group in the fourth quarter worth approximately $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the second quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Everest Group during the second quarter valued at approximately $43,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of NYSE EG opened at $374.14 on Friday. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.74 and a beta of 0.29. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $358.79 and a 200 day moving average of $343.81.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share for the quarter, topping the consensus estimate of $14.52 by $0.33. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The company's quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm earned $16.10 earnings per share. On average, research analysts anticipate that Everest Group, Ltd. will post 53.13 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 12th. Everest Group's payout ratio is currently 16.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EG shares. BMO Capital Markets increased their price objective on shares of Everest Group from $366.00 to $376.00 and gave the company a "market perform" rating in a research report on Thursday, May 14th. Mizuho cut their target price on shares of Everest Group from $418.00 to $416.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. Bank of America boosted their target price on shares of Everest Group from $430.00 to $454.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. Barclays increased their price target on Everest Group from $420.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company raised their price target on Everest Group from $373.00 to $396.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Everest Group presently has a consensus rating of "Hold" and an average target price of $393.93.

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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