2,734 Shares in Everest Group, Ltd. $EG Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,734 shares of the company’s stock, valued at approximately $958,000.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Everest Group during the 2nd quarter worth $601,300,000. Vulcan Value Partners LLC raised its stake in Everest Group by 13.9% in the 3rd quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock valued at $496,514,000 after acquiring an additional 172,479 shares during the period. Geode Capital Management LLC lifted its holdings in Everest Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock valued at $414,385,000 after purchasing an additional 6,217 shares during the last quarter. AQR Capital Management LLC boosted its position in 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 period. Finally, Altrinsic Global Advisors LLC increased its stake in shares of 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. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Up 0.5%

NYSE EG opened at $337.59 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $332.30 and its two-hundred day simple moving average is $333.07. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.24 and a beta of 0.36.

Everest Group (NYSE:EG) last posted its quarterly earnings data 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($18.39) earnings per share. Research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is 21.13%.

Analyst Ratings Changes

Several research firms recently commented on EG. UBS Group reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a report on Monday, January 12th. Barclays raised their price target on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Cantor Fitzgerald decreased their price objective on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Wall Street Zen downgraded Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Everest Group has an average rating of “Hold” and an average target price of $363.21.

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.