Massachusetts Financial Services Co. MA Grows Holdings in Everest Group, Ltd. $EG

Massachusetts Financial Services Co. MA lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 652,194 shares of the company’s stock after buying an additional 29,586 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.56% of Everest Group worth $228,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Everest Group during the 2nd quarter worth $601,300,000. AQR Capital Management LLC lifted its position in shares of Everest Group by 65.6% during the second quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock worth $399,626,000 after purchasing an additional 467,656 shares during the last quarter. Altrinsic Global Advisors LLC grew its stake in Everest Group by 37.2% in the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock worth $318,540,000 after purchasing an additional 254,317 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in Everest Group by 54.6% in the second quarter. Donald Smith & CO. Inc. now owns 311,037 shares of the company’s stock valued at $105,706,000 after buying an additional 109,848 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Everest Group by 37.5% in the second quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company’s stock valued at $114,425,000 after buying an additional 91,799 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Down 0.8%

Shares of NYSE:EG opened at $318.64 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $324.35 and its 200 day moving average price is $333.42. The company has a market cap of $13.38 billion, a PE ratio of 24.27, a P/E/G ratio of 0.23 and a beta of 0.38. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $373.23.

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

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $8.00 annualized dividend and a yield of 2.5%. Everest Group’s payout ratio is presently 60.93%.

Analyst Ratings Changes

A number of research analysts have commented on EG shares. Cantor Fitzgerald reduced their target price on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Barclays raised their price objective on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Raymond James Financial reiterated an “outperform” rating and set a $350.00 target price on shares of Everest Group in a research note on Monday, November 3rd. Wolfe Research raised shares of Everest Group from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen lowered shares of Everest Group from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Everest Group presently has a consensus rating of “Hold” and an average target price of $365.33.

Insiders Place Their Bets

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

About Everest Group

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.