Xponance Inc. Sells 5,535 Shares of Everest Group, Ltd. $EG

Xponance Inc. trimmed its holdings in Everest Group, Ltd. (NYSE:EG) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,877 shares of the company’s stock after selling 5,535 shares during the quarter. Xponance Inc.’s holdings in Everest Group were worth $3,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Everest Group during the third quarter valued at approximately $30,000. UMB Bank n.a. raised its stake 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 buying an additional 48 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Everest Group during the second quarter valued at $39,000. MUFG Securities EMEA plc bought a new stake in Everest Group in the second quarter worth $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Everest Group by 86.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the company’s stock worth $53,000 after acquiring an additional 70 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Trading Up 1.3%

NYSE:EG opened at $340.01 on Tuesday. The company has a market cap of $13.73 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34. 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 company has a 50 day simple moving average of $332.47 and a two-hundred day simple moving average of $333.13. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $370.20.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share (EPS) 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 firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business earned ($18.39) earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. 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. Stockholders 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 is 21.13%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EG. Wells Fargo & Company lowered their price target on 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. Evercore set a $365.00 target price on shares of Everest Group in a research note on Wednesday, January 7th. Cantor Fitzgerald cut their price target on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. TD Cowen decreased their price objective on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Finally, UBS Group reaffirmed 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 issued a Hold rating to the company. According to MarketBeat, Everest Group has an average rating of “Hold” and an average 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.