Aberdeen Group plc Has $12.09 Million Stake in Everest Group, Ltd. $EG

Aberdeen Group plc boosted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,979 shares of the company’s stock after purchasing an additional 3,737 shares during the quarter. Aberdeen Group plc owned about 0.08% of Everest Group worth $12,085,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC raised its stake in Everest Group by 6.2% in the 3rd quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock worth $199,000 after purchasing an additional 33 shares in the last quarter. Trail Ridge Investment Advisors LLC increased its holdings in shares of Everest Group by 3.3% during the third quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock worth $433,000 after purchasing an additional 40 shares during the period. Wealthfront Advisers LLC raised its position in shares of Everest Group by 2.8% in the third quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after buying an additional 40 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Everest Group by 81.4% in the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after buying an additional 48 shares during the period. Finally, Hartford Investment Management Co. grew its position in Everest Group by 1.7% during the third quarter. Hartford Investment Management Co. now owns 3,441 shares of the company’s stock worth $1,205,000 after buying an additional 56 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EG has been the subject of several analyst reports. Barclays lifted their price objective on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods boosted their price target on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a research report on Monday, November 3rd. Finally, TD Cowen cut their price target on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Everest Group has an average rating of “Hold” and an average target price of $363.21.

Everest Group Trading Down 0.8%

NYSE:EG opened at $342.78 on Friday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $370.20. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 0.25 and a beta of 0.36. The firm has a fifty day simple moving average of $331.33 and a two-hundred day simple moving average of $332.71.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.Everest Group’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($18.39) earnings per share. Analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

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.