AustralianSuper Pty Ltd Has $45.55 Million Stock Holdings in Everest Group, Ltd. $EG

AustralianSuper Pty Ltd reduced its position in shares of Everest Group, Ltd. (NYSE:EG) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,067 shares of the company’s stock after selling 8,088 shares during the period. AustralianSuper Pty Ltd owned about 0.31% of Everest Group worth $45,553,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EG. Mirae Asset Global Investments Co. Ltd. boosted its position in Everest Group by 16.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,875 shares of the company’s stock valued at $2,058,000 after buying an additional 812 shares during the last quarter. Federated Hermes Inc. grew its holdings in Everest Group by 8.7% during the 3rd quarter. Federated Hermes Inc. now owns 15,666 shares of the company’s stock worth $5,487,000 after acquiring an additional 1,255 shares during the period. J. Safra Sarasin Holding AG bought a new stake in shares of Everest Group during the 3rd quarter valued at $1,301,000. National Wealth Management Group LLC acquired a new position in shares of Everest Group in the 3rd quarter valued at $439,000. Finally, Blackhawk Capital Partners LLC lifted its stake in shares of Everest Group by 13.7% in the 3rd quarter. Blackhawk Capital Partners LLC now owns 902 shares of the company’s stock valued at $316,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 0.3%

Shares of Everest Group stock opened at $324.93 on Thursday. The firm has a market cap of $13.64 billion, a PE ratio of 24.75, a P/E/G ratio of 0.23 and a beta of 0.38. The business’s 50 day simple moving average is $324.52 and its 200 day simple moving average is $332.70. 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 52-week low of $302.44 and a 52-week high of $370.20.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing the consensus estimate of $13.39 by ($5.85). The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.86 billion. Everest Group had a return on equity of 3.74% and a net margin of 3.12%.Everest Group’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $11.80 earnings per share. On average, analysts predict 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 was paid on Friday, December 12th. Shareholders of record on Wednesday, November 26th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, November 26th. Everest Group’s payout ratio is presently 60.93%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI set a $365.00 price objective on Everest Group in a report on Wednesday, January 7th. UBS Group restated a “buy” rating and set a $345.00 target price on shares of Everest Group in a research report on Monday, January 12th. Barclays increased their price target on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Zacks Research upgraded shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Everest Group presently has an average rating of “Hold” and an average target price of $365.33.

Everest Group 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.