Shell Asset Management Co. Sells 11,179 Shares of Everest Group, Ltd. $EG

Shell Asset Management Co. lessened its position in shares of Everest Group, Ltd. (NYSE:EG) by 85.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,936 shares of the company’s stock after selling 11,179 shares during the period. Shell Asset Management Co.’s holdings in Everest Group were worth $678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in shares of Everest Group by 98.9% during the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after purchasing an additional 90 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Everest Group in the 2nd quarter worth $384,000. IFP Advisors Inc grew its stake in Everest Group by 2,077.8% during the 2nd quarter. IFP Advisors Inc now owns 196 shares of the company’s stock worth $67,000 after buying an additional 187 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Everest Group during the 2nd quarter valued at about $676,000. Finally, Private Trust Co. NA increased its position in Everest Group by 41.5% during the 2nd quarter. Private Trust Co. NA now owns 293 shares of the company’s stock valued at $100,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

EG opened at $337.44 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $370.20. The firm has a 50 day moving average of $329.65 and a two-hundred day moving average of $332.45. The firm has a market capitalization of $14.17 billion, a PE ratio of 8.91, a P/E/G ratio of 0.25 and a beta of 0.36.

Everest Group (NYSE:EG) last released its quarterly earnings data 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 business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the company earned ($18.39) EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EG shares. Mizuho set a $360.00 price target on Everest Group in a research note on Wednesday, February 11th. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. UBS Group reaffirmed a “buy” rating and issued a $345.00 price target on shares of Everest Group in a report on Monday, January 12th. Finally, 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 note on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and an average target price of $363.21.

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.