Clear Harbor Asset Management LLC Buys 1,517 Shares of Everest Group, Ltd. $EG

Clear Harbor Asset Management LLC boosted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,942 shares of the company’s stock after purchasing an additional 1,517 shares during the period. Clear Harbor Asset Management LLC’s holdings in Everest Group were worth $6,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC lifted its position in shares of Everest Group by 6.2% during the 3rd quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock valued at $199,000 after buying an additional 33 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Everest Group by 4.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock worth $277,000 after acquiring an additional 34 shares during the period. Trail Ridge Investment Advisors LLC lifted its holdings in 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 purchasing an additional 40 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Everest Group by 2.9% in the second quarter. Legacy Wealth Asset Management LLC now owns 1,493 shares of the company’s stock worth $507,000 after purchasing an additional 42 shares during the period. Finally, Quent Capital LLC increased its stake in shares of Everest Group by 8.1% in the second quarter. Quent Capital LLC now owns 652 shares of the company’s stock worth $221,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen lowered their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Raymond James Financial reissued an “outperform” rating and set a $350.00 price target on shares of Everest Group in a report on Monday, November 3rd. Zacks Research lowered Everest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, December 12th. Wells Fargo & Company decreased their target price on Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 29th. Finally, Evercore ISI set a $365.00 price target on Everest Group in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Everest Group currently has a consensus rating of “Hold” and a consensus price target of $369.40.

Everest Group Price Performance

NYSE:EG opened at $337.91 on Friday. The business’s 50-day moving average is $323.88 and its 200 day moving average is $334.22. 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 $14.19 billion, a P/E ratio of 25.74, a P/E/G ratio of 0.23 and a beta of 0.38. 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 issued its quarterly earnings data 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 firm had revenue of $4.32 billion for 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%.The firm’s revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $11.80 earnings per share. On average, equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were given a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 26th. This represents a $8.00 annualized dividend and a yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is 60.93%.

Insiders Place Their Bets

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

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.