Foster & Motley Inc. Makes New $944,000 Investment in Everest Group, Ltd. $EG

Foster & Motley Inc. acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the second quarter, HoldingsChannel.com reports. The firm acquired 2,643 shares of the company’s stock, valued at approximately $944,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Everest Group in the 2nd quarter worth approximately $1,150,555,000. Norges Bank purchased a new stake in Everest Group during the 4th quarter valued at $630,277,000. AQR Capital Management LLC lifted its position in Everest Group by 70.3% in the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after buying an additional 830,418 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Everest Group by 12,322.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock worth $176,205,000 after buying an additional 515,063 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Everest Group by 507.4% during the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after buying an additional 375,846 shares during the period. 92.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EG has been the topic of several recent analyst reports. Weiss Ratings raised shares of Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Mizuho dropped their price target on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. TD Cowen raised their price objective on shares of Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Evercore set a $377.00 target price on Everest Group in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $395.27.

Everest Group Stock Down 0.8%

Shares of EG opened at $364.41 on Thursday. The firm has a market capitalization of $13.97 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.72 and a beta of 0.29. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $401.07. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $365.07 and a 200-day moving average price of $346.37.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping the consensus estimate of $14.52 by $0.33. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the firm posted $16.10 EPS. The firm’s revenue was down 11.8% compared to the same quarter last year. Equities research analysts expect that Everest Group, Ltd. will post 53.13 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.2%. Everest Group’s payout ratio is presently 16.92%.

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.