Cerity Partners LLC Acquires 13,864 Shares of Everest Group, Ltd. $EG

Cerity Partners LLC boosted its position in Everest Group, Ltd. (NYSE:EG) by 46.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,771 shares of the company’s stock after buying an additional 13,864 shares during the quarter. Cerity Partners LLC owned approximately 0.10% of Everest Group worth $15,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Everest Group by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 358,168 shares of the company’s stock valued at $130,133,000 after acquiring an additional 20,122 shares during the period. SCS Capital Management LLC bought a new position in Everest Group during the first quarter valued at approximately $236,000. Geneos Wealth Management Inc. lifted its stake in Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares during the last quarter. Strs Ohio purchased a new stake in Everest Group during the 1st quarter valued at about $2,234,000. Finally, First Hawaiian Bank boosted its position in Everest Group by 15.3% during the 1st quarter. First Hawaiian Bank now owns 1,605 shares of the company’s stock valued at $583,000 after buying an additional 213 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Allan Levine acquired 3,100 shares of the stock in a transaction dated Wednesday, October 29th. The stock was acquired at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the completion of the purchase, the director owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. This represents a 294.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William F. Galtney, Jr. purchased 11,385 shares of Everest Group stock in a transaction on Wednesday, October 29th. The shares were acquired at an average cost of $307.38 per share, with a total value 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. The trade was a 33.38% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Everest Group Stock Performance

Everest Group stock opened at $332.93 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The company’s 50-day moving average is $324.24 and its 200 day moving average is $334.11. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $373.23. The firm has a market capitalization of $13.98 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38.

Everest Group (NYSE:EG) last issued its earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Everest Group had a net margin of 3.12% and a return on equity of 3.74%. The firm’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 posted $11.80 earnings per share. Research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

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

Analysts Set New Price Targets

EG has been the topic of several recent analyst reports. Cowen reiterated a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Wells Fargo & Company cut their price objective on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 29th. TD Cowen dropped their price target on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a report on Monday, December 15th. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research report on Wednesday, October 8th. Five investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $369.40.

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.