Everest Group, Ltd. $EG Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its position in Everest Group, Ltd. (NYSE:EG) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,370 shares of the company’s stock after selling 23,199 shares during the quarter. Assetmark Inc. owned approximately 1.01% of Everest Group worth $148,277,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Everest Group in the third quarter valued at $30,000. UMB Bank n.a. increased its stake in Everest Group by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 107 shares of the company’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Everest Group during the second quarter valued at approximately $39,000. MUFG Securities EMEA plc purchased a new position in shares of Everest Group during the 2nd quarter valued at $43,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Everest Group by 86.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock valued at $53,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Evercore set a $365.00 target price on Everest Group in a research note on Wednesday, January 7th. UBS Group reaffirmed a “buy” rating and set a $345.00 price objective on shares of Everest Group in a research note on Monday, January 12th. TD Cowen lowered their price objective on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Finally, Barclays increased their target price on shares of Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $363.21.

Everest Group Stock Up 1.0%

EG stock opened at $335.87 on Friday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $370.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.39. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.24 and a beta of 0.36. The business’s fifty day moving average price is $328.51 and its two-hundred day moving average price is $332.40.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The business 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%.Everest Group’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($18.39) earnings per share. On average, equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

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.