Osaic Holdings Inc. Purchases 23,924 Shares of Everest Group, Ltd. $EG

Osaic Holdings Inc. raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 1,863.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,208 shares of the company’s stock after buying an additional 23,924 shares during the period. Osaic Holdings Inc. owned about 0.06% of Everest Group worth $9,137,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EG. SVB Wealth LLC bought a new position in shares of Everest Group during the first quarter valued at about $30,000. Board of the Pension Protection Fund bought a new stake in shares of Everest Group in the second quarter worth about $34,000. WPG Advisers LLC purchased a new position in Everest Group during the 1st quarter valued at about $37,000. CYBER HORNET ETFs LLC bought a new position in Everest Group during the 2nd quarter valued at approximately $39,000. Finally, MUFG Securities EMEA plc purchased a new stake in Everest Group in the 2nd quarter worth approximately $43,000. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 0.4%

Everest Group stock opened at $331.31 on Friday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $373.23. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. The business’s fifty day simple moving average is $324.65 and its two-hundred day simple moving average is $334.28. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.39 by ($5.85). The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Everest Group had a return on equity of 3.74% and a net margin of 3.12%.Everest Group’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.80 EPS. As a group, equities analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, November 26th. Everest Group’s dividend payout ratio is currently 60.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James Financial reissued an “outperform” rating and set a $350.00 target price on shares of Everest Group in a research note on Monday, November 3rd. Cowen reissued a “hold” rating on shares of Everest Group in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $424.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Wall Street Zen lowered shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $367.87.

Insider Activity at Everest Group

In other news, Director Allan Levine purchased 3,100 shares of Everest Group stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average price of $306.08 per share, with a total value of $948,848.00. Following the completion of the transaction, the director directly owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. The trade was a 294.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. acquired 11,385 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the transaction, the director directly owned 45,491 shares in the company, valued at $13,983,023.58. This represents a 33.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

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.