Lighthouse Investment Partners LLC Has $14.79 Million Stake in Everest Group, Ltd. $EG

Lighthouse Investment Partners LLC raised its holdings in Everest Group, Ltd. (NYSE:EG) by 280.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,237 shares of the company’s stock after purchasing an additional 31,133 shares during the quarter. Lighthouse Investment Partners LLC owned approximately 0.10% of Everest Group worth $14,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EG. Integrated Wealth Concepts LLC increased its stake in shares of Everest Group by 21.6% in the third quarter. Integrated Wealth Concepts LLC now owns 14,467 shares of the company’s stock valued at $5,067,000 after buying an additional 2,569 shares in the last quarter. Gotham Asset Management LLC lifted its position in Everest Group by 44.9% during the 3rd quarter. Gotham Asset Management LLC now owns 10,775 shares of the company’s stock worth $3,774,000 after buying an additional 3,339 shares in the last quarter. Focus Partners Wealth lifted its position in Everest Group by 127.1% during the 3rd quarter. Focus Partners Wealth now owns 9,276 shares of the company’s stock worth $3,181,000 after buying an additional 5,191 shares in the last quarter. Clough Capital Partners L P grew its holdings in Everest Group by 1.2% during the 3rd quarter. Clough Capital Partners L P now owns 40,285 shares of the company’s stock worth $14,109,000 after acquiring an additional 490 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its position in Everest Group by 35.5% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,229 shares of the company’s stock valued at $430,000 after acquiring an additional 322 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 0.6%

Shares of NYSE EG opened at $320.46 on Monday. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $370.20. The firm’s 50-day moving average is $330.72 and its 200-day moving average is $332.40. 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 firm has a market capitalization of $12.94 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.23 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 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 for the quarter, compared to the consensus estimate of $3.97 billion. During the same period last year, the firm earned ($18.39) earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th. Everest Group’s payout ratio is currently 21.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald dropped their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Zacks Research raised shares of Everest Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Keefe, Bruyette & Woods upped 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, UBS Group reiterated a “buy” rating and issued a $345.00 price objective on shares of Everest Group in a research report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.