Te Ahumairangi Investment Management Ltd Has $16.79 Million Stake in Everest Group, Ltd. $EG

Te Ahumairangi Investment Management Ltd lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 15.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 47,940 shares of the company’s stock after acquiring an additional 6,344 shares during the quarter. Everest Group accounts for approximately 2.9% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 5th largest position. Te Ahumairangi Investment Management Ltd’s holdings in Everest Group were worth $16,790,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Everest Group in the 2nd quarter worth about $601,300,000. AQR Capital Management LLC boosted its holdings in Everest Group by 65.6% in the 2nd 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 during the period. Altrinsic Global Advisors LLC grew its position in shares of 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 purchasing an additional 254,317 shares in the last quarter. Causeway Capital Management LLC acquired a new position in shares of Everest Group during the 3rd quarter worth approximately $61,531,000. Finally, Vulcan Value Partners LLC increased its holdings in shares of Everest Group by 13.9% during the third quarter. Vulcan Value Partners LLC now owns 1,417,466 shares of the company’s stock worth $496,514,000 after purchasing an additional 172,479 shares during the period. 92.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EG has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Everest Group from $332.00 to $310.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Keefe, Bruyette & Woods raised their price objective on Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Cantor Fitzgerald cut their target price on Everest Group from $348.00 to $344.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, UBS Group reissued a “buy” rating and set a $345.00 target price on shares of Everest Group in a 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Price Performance

Shares of Everest Group stock traded down $1.08 on Friday, reaching $321.26. 29,612 shares of the stock were exchanged, compared to its average volume of 371,402. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $12.98 billion, a PE ratio of 8.49, a P/E/G ratio of 0.23 and a beta of 0.34. The firm’s 50 day moving average is $331.00 and its 200-day moving average is $332.67. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $370.20.

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

Everest Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, March 13th. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. Everest Group’s dividend payout ratio (DPR) is presently 21.13%.

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.