Bright Futures Wealth Management LLC. Purchases Shares of 1,681 Everest Group, Ltd. $EG

Bright Futures Wealth Management LLC. acquired a new position in Everest Group, Ltd. (NYSE:EG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,681 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds have also recently made changes to their positions in EG. Root Financial Partners LLC bought a new stake in Everest Group in the third quarter valued at $30,000. UMB Bank n.a. lifted its position in shares of 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 during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Everest Group in the 2nd quarter worth about $39,000. MUFG Securities EMEA plc bought a new stake in shares of Everest Group during the 2nd quarter valued at about $43,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Everest Group by 86.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock valued at $53,000 after buying an additional 70 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on EG. Barclays raised their price objective 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. Raymond James Financial restated an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a research note on Monday, November 3rd. Evercore set a $365.00 price target on Everest Group in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price objective on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Wells Fargo & Company dropped their target price on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $363.21.

Everest Group Trading Down 0.7%

NYSE EG opened at $335.29 on Monday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $370.20. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $332.38 and its 200-day moving average price is $333.11. The stock has a market cap of $13.54 billion, a P/E ratio of 8.86, a P/E/G ratio of 0.24 and a beta of 0.34.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the firm earned ($18.39) EPS. Everest Group’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. Everest Group’s dividend payout ratio is currently 21.13%.

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.