Everest Group, Ltd. $EG Holdings Lowered by American Century Companies Inc.

American Century Companies Inc. decreased its stake in Everest Group, Ltd. (NYSE:EG) by 34.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,066 shares of the company’s stock after selling 23,306 shares during the quarter. American Century Companies Inc. owned 0.10% of Everest Group worth $15,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after buying an additional 90 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Everest Group in the second quarter worth approximately $384,000. Atria Investments Inc raised its holdings in shares of Everest Group by 5.5% during the second quarter. Atria Investments Inc now owns 1,316 shares of the company’s stock valued at $447,000 after acquiring an additional 69 shares during the period. AGF Management Ltd. raised its holdings in shares of Everest Group by 6.3% during the second quarter. AGF Management Ltd. now owns 8,656 shares of the company’s stock valued at $2,942,000 after acquiring an additional 510 shares during the period. Finally, Aviva PLC lifted its position in shares of Everest Group by 6.7% in the 2nd quarter. Aviva PLC now owns 31,809 shares of the company’s stock valued at $10,810,000 after acquiring an additional 1,991 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on EG. Cantor Fitzgerald lowered their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. TD Cowen decreased their target price on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Evercore set a $365.00 price target on Everest Group in a report on Wednesday, January 7th. Wells Fargo & Company dropped their price target on Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Finally, Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $363.21.

Everest Group Trading Down 0.2%

Everest Group stock opened at $327.45 on Wednesday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $370.20. 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 stock has a market cap of $13.23 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.24 and a beta of 0.34. The company’s fifty day simple moving average is $331.72 and its 200-day simple moving average is $332.82.

Everest Group (NYSE:EG) last released 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). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business posted ($18.39) EPS. Everest Group’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $2.00 dividend. 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 payout ratio is presently 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.