Everest Group, Ltd. $EG Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in Everest Group, Ltd. (NYSE:EG) by 7.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,871 shares of the company’s stock after selling 3,763 shares during the quarter. TD Asset Management Inc owned approximately 0.11% of Everest Group worth $16,065,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Everest Group by 98.9% during the 1st 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 second quarter worth $384,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Everest Group by 67.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 3,007 shares of the company’s stock valued at $1,022,000 after buying an additional 1,206 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Everest Group by 3.1% during the second quarter. Teacher Retirement System of Texas now owns 6,482 shares of the company’s stock valued at $2,203,000 after buying an additional 196 shares in the last quarter. Finally, Atria Investments Inc raised its position in Everest Group by 5.5% during the second quarter. Atria Investments Inc now owns 1,316 shares of the company’s stock valued at $447,000 after buying an additional 69 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EG. Cantor Fitzgerald lowered their price objective on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Barclays lifted their target price on shares of Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Mizuho set a $360.00 price objective on Everest Group in a research report on Wednesday, February 11th. Finally, UBS Group restated a “buy” rating and issued a $345.00 target price on shares of Everest Group in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Trading Down 0.7%

Shares of NYSE:EG opened at $335.29 on Monday. 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 has a market capitalization of $13.54 billion, a PE ratio of 8.86, a P/E/G ratio of 0.24 and a beta of 0.34. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The firm has a fifty day moving average price of $332.38 and a 200 day moving average price of $333.11.

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

Everest Group Dividend Announcement

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

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.