Everest Group, Ltd. $EG Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Everest Group, Ltd. (NYSE:EG) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 472,989 shares of the company’s stock after acquiring an additional 8,387 shares during the period. Dimensional Fund Advisors LP owned approximately 1.13% of Everest Group worth $165,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EG. Geneos Wealth Management Inc. grew its holdings in shares of Everest Group by 98.9% during the 1st 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 period. Sivia Capital Partners LLC purchased a new stake in Everest Group in the 2nd quarter valued at about $384,000. Atria Investments Inc raised its holdings in Everest Group by 5.5% in the 2nd quarter. Atria Investments Inc now owns 1,316 shares of the company’s stock valued at $447,000 after buying an additional 69 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Everest Group by 7.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 14,483 shares of the company’s stock valued at $4,915,000 after buying an additional 1,041 shares during the last quarter. Finally, Savant Capital LLC lifted its position in Everest Group by 503.6% in the second quarter. Savant Capital LLC now owns 9,844 shares of the company’s stock valued at $3,345,000 after buying an additional 8,213 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

EG has been the subject of a number of recent analyst reports. TD Cowen dropped their price target on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Evercore set a $365.00 target price on Everest Group in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald decreased their price target 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. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Stock Down 1.8%

Shares of EG opened at $328.16 on Tuesday. The company’s 50-day simple moving average is $332.01 and its 200-day simple moving average is $332.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The stock has a market capitalization of $13.25 billion, a PE ratio of 8.67, a P/E/G ratio of 0.24 and a beta of 0.34.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted ($18.39) EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share 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 $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s payout ratio is 21.13%.

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.