Krilogy Financial LLC Invests $1.46 Million in Everest Group, Ltd. $EG

Krilogy Financial LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, Holdings Channel reports. The fund purchased 4,527 shares of the company’s stock, valued at approximately $1,458,000.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Everest Group during the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its position in Everest Group by 81.4% during the third quarter. UMB Bank n.a. now owns 107 shares of the company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Everest Group in the 2nd quarter valued at approximately $39,000. MUFG Securities EMEA plc purchased a new stake in Everest Group in the 2nd quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Everest Group by 86.4% during the 3rd 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.

Everest Group Stock Up 1.0%

EG stock opened at $335.87 on Friday. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.24 and a beta of 0.36. The company has a 50-day moving average of $328.51 and a two-hundred day moving average of $332.40. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $370.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.39.

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

Analysts Set New Price Targets

A number of analysts have issued reports on EG shares. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Evercore set a $365.00 target price on Everest Group in a report on Wednesday, January 7th. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Cantor Fitzgerald lowered their price objective on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $363.21.

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.