Equitable Trust Co. Sells 1,858 Shares of Everest Group, Ltd. $EG

Equitable Trust Co. reduced its stake in shares of Everest Group, Ltd. (NYSE:EG) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,041 shares of the company’s stock after selling 1,858 shares during the quarter. Equitable Trust Co. owned about 0.10% of Everest Group worth $15,424,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EG. Vulcan Value Partners LLC lifted its holdings in Everest Group by 13.9% during the 3rd quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock worth $496,514,000 after buying an additional 172,479 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of Everest Group during the third quarter valued at $713,000. Asahi Life Asset Management CO. LTD. bought a new position in Everest Group in the third quarter valued at about $361,000. Essex Financial Services Inc. acquired a new stake in Everest Group in the third quarter worth about $299,000. Finally, Syon Capital LLC acquired a new stake in Everest Group in the third quarter worth about $242,000. Institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EG. Wall Street Zen lowered shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Wolfe Research upgraded shares of Everest Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald cut their price target on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everest Group presently has an average rating of “Hold” and an average price target of $363.21.

Everest Group Stock Down 0.2%

Shares of NYSE:EG opened at $342.28 on Monday. The company has a 50 day moving average price of $331.63 and a two-hundred day moving average price of $332.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37. The company has a market capitalization of $14.37 billion, a PE ratio of 9.04, a PEG ratio of 0.25 and a beta of 0.36. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $370.20.

Everest Group (NYSE:EG) last announced its quarterly 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 the consensus estimate of $3.97 billion. During the same period in the prior year, the business earned ($18.39) earnings per share. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

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.