Everest Group, Ltd. $EG Stake Boosted by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Everest Group, Ltd. (NYSE:EG) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 999,581 shares of the company’s stock after acquiring an additional 57,907 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.38% of Everest Group worth $350,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Natixis lifted its holdings in shares of Everest Group by 1,456.3% during the 2nd quarter. Natixis now owns 65,941 shares of the company’s stock valued at $22,410,000 after buying an additional 61,704 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Everest Group by 1,863.2% in the second quarter. Osaic Holdings Inc. now owns 25,208 shares of the company’s stock worth $9,137,000 after buying an additional 23,924 shares during the last quarter. 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 worth $114,425,000 after buying an additional 91,799 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Everest Group by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock valued at $228,418,000 after acquiring an additional 29,586 shares in the last quarter. Finally, Brighton Jones LLC raised its position in Everest Group by 157.9% during the third quarter. Brighton Jones LLC now owns 6,635 shares of the company’s stock valued at $2,324,000 after acquiring an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 0.2%

Shares of EG opened at $327.45 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50-day simple moving average of $331.72 and a 200-day simple moving average of $332.82. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $370.20. The firm has a market capitalization 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.

Everest Group (NYSE:EG) last released its earnings results 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 return on equity of 12.50% and a net margin of 9.09%.The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the business earned ($18.39) earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

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

Analyst Ratings Changes

EG has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Evercore set a $365.00 price objective on shares of Everest Group in a report on Wednesday, January 7th. Cantor Fitzgerald lowered their target price 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. Finally, Keefe, Bruyette & Woods raised their target price on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $363.21.

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.