Fox Run Management L.L.C. Has $382,000 Holdings in Everest Group, Ltd. $EG

Fox Run Management L.L.C. trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 59.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090 shares of the company’s stock after selling 1,602 shares during the period. Fox Run Management L.L.C.’s holdings in Everest Group were worth $382,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Natixis lifted its stake in shares of Everest Group by 1,456.3% during the second quarter. Natixis now owns 65,941 shares of the company’s stock valued at $22,410,000 after acquiring an additional 61,704 shares during the period. Osaic Holdings Inc. increased its position in Everest Group by 1,863.2% in the second quarter. Osaic Holdings Inc. now owns 25,208 shares of the company’s stock worth $9,137,000 after purchasing an additional 23,924 shares during the period. Balyasny Asset Management L.P. raised its holdings in Everest Group by 37.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 336,692 shares of the company’s stock worth $114,425,000 after purchasing an additional 91,799 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Everest Group by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock valued at $228,418,000 after purchasing an additional 29,586 shares during the period. Finally, Brighton Jones LLC lifted its position in Everest Group by 157.9% during the 3rd quarter. Brighton Jones LLC now owns 6,635 shares of the company’s stock valued at $2,324,000 after purchasing an additional 4,062 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of EG stock opened at $335.29 on Monday. The company has a quick ratio of 0.39, a current 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 fifty day moving average of $332.38 and a 200-day moving average of $333.11. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34.

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). 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 quarter in the prior year, the firm posted ($18.39) earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. On average, equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $2.00 dividend. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.4%. Everest Group’s payout ratio is currently 21.13%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EG. TD Cowen dropped their price target 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. Wells Fargo & Company dropped their target price 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. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Barclays raised their price target on Everest Group from $365.00 to $377.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen downgraded Everest Group from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Company 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.