175,686 Shares in Everest Group, Ltd. $EG Purchased by Causeway Capital Management LLC

Causeway Capital Management LLC bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the third quarter, Holdings Channel reports. The firm bought 175,686 shares of the company’s stock, valued at approximately $61,531,000. Everest Group comprises 0.8% of Causeway Capital Management LLC’s investment portfolio, making the stock its 25th largest position.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Everest Group during the second quarter worth about $601,300,000. AQR Capital Management LLC grew its holdings in shares of Everest Group by 65.6% in the second quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock valued at $399,626,000 after purchasing an additional 467,656 shares in the last quarter. Altrinsic Global Advisors LLC increased its stake in Everest Group by 37.2% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock worth $318,540,000 after buying an additional 254,317 shares during the period. 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. Finally, Donald Smith & CO. Inc. boosted its position in Everest Group by 54.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 311,037 shares of the company’s stock valued at $105,706,000 after buying an additional 109,848 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EG shares. Mizuho set a $360.00 price objective on Everest Group in a research report on Wednesday, February 11th. 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 report on Wednesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Finally, Barclays raised their price objective on shares of Everest Group from $365.00 to $377.00 and gave the company 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 given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $363.21.

Everest Group Price Performance

EG stock opened at $328.16 on Tuesday. The company has a market capitalization of $13.25 billion, a P/E ratio of 8.67, a PEG ratio of 0.24 and a beta of 0.34. The business has a 50 day simple moving average of $332.01 and a 200-day simple moving average of $332.94. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $370.20.

Everest Group (NYSE:EG) last announced its 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). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the company posted ($18.39) earnings per share. Everest Group’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders 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 (DPR) is 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.