Altrinsic Global Advisors LLC Has $317.33 Million Stake in Everest Group, Ltd. $EG

Altrinsic Global Advisors LLC cut its position in Everest Group, Ltd. (NYSE:EG) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 906,058 shares of the company’s stock after selling 31,238 shares during the period. Everest Group comprises about 11.7% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 2nd largest position. Altrinsic Global Advisors LLC owned approximately 2.16% of Everest Group worth $317,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in 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 buying an additional 90 shares during the period. Sivia Capital Partners LLC acquired a new position in Everest Group in the second quarter valued at about $384,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Everest Group in the second quarter valued at about $2,438,000. Allworth Financial LP increased its holdings in shares of Everest Group by 96.8% in the second quarter. Allworth Financial LP now owns 183 shares of the company’s stock worth $62,000 after acquiring an additional 90 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Everest Group in the second quarter worth about $205,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of Everest Group stock opened at $320.46 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.23 and a beta of 0.34. The stock’s 50-day moving average is $330.72 and its 200-day moving average is $332.48. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $370.20.

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 for 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%.The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($18.39) earnings per share. Equities analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $2.00 per share. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a yield of 2.5%. Everest Group’s dividend payout ratio is presently 21.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore set a $365.00 price objective on Everest Group in a report on Wednesday, January 7th. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Mizuho set a $360.00 target price on shares of Everest Group in a report on Wednesday, February 11th. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Barclays upped their price target on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.