Diversified Trust Co. Has $343,000 Holdings in Everest Group, Ltd. $EG

Diversified Trust Co. trimmed its position in shares of Everest Group, Ltd. (NYSE:EG) by 69.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,011 shares of the company’s stock after selling 2,327 shares during the quarter. Diversified Trust Co.’s holdings in Everest Group were worth $343,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EG. Geneos Wealth Management Inc. increased 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 valued at $66,000 after purchasing an additional 90 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Everest Group in the second quarter valued at $384,000. Cetera Investment Advisers increased its position in shares of Everest Group by 17.5% during the second quarter. Cetera Investment Advisers now owns 3,601 shares of the company’s stock worth $1,224,000 after acquiring an additional 536 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Everest Group by 104.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 123,795 shares of the company’s stock worth $42,075,000 after acquiring an additional 63,321 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Everest Group by 33.9% during the 2nd quarter. Prudential Financial Inc. now owns 6,900 shares of the company’s stock worth $2,345,000 after purchasing an additional 1,745 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. 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. UBS Group reiterated a “buy” rating and set a $345.00 target price on shares of Everest Group in a research note on Monday, January 12th. Finally, Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Six investment 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.com, the stock presently has an average rating of “Hold” and an average target price of $363.21.

Everest Group Price Performance

Everest Group stock opened at $317.63 on Friday. The business’s 50 day simple moving average is $329.10 and its 200 day simple moving average is $330.96. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $370.20. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.23 and a beta of 0.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last released its earnings results on Thursday, February 5th. 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%.The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($18.39) earnings per share. Sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $8.00 annualized dividend and a yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is 21.13%.

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.