KBC Group NV Grows Stock Holdings in Everest Group, Ltd. $EG

KBC Group NV raised its holdings in Everest Group, Ltd. (NYSE:EG) by 106.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,673 shares of the company’s stock after purchasing an additional 2,925 shares during the quarter. KBC Group NV’s holdings in Everest Group were worth $1,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Everest Group by 4.8% in the third 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 in the last quarter. Brighton Jones LLC lifted its holdings in shares of Everest Group by 157.9% in the third 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 in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Everest Group by 9.2% in the third quarter. Clear Harbor Asset Management LLC now owns 17,942 shares of the company’s stock valued at $6,284,000 after purchasing an additional 1,517 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in shares of Everest Group in the third quarter valued at about $589,000. Finally, Cerity Partners LLC lifted its holdings in shares of Everest Group by 46.4% in the third quarter. Cerity Partners LLC now owns 43,771 shares of the company’s stock valued at $15,330,000 after purchasing an additional 13,864 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE:EG opened at $350.73 on Tuesday. The firm has a 50 day simple moving average of $331.83 and a 200-day simple moving average of $329.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $17.45 billion, a PE ratio of 9.26, a P/E/G ratio of 0.26 and a beta of 0.34. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $368.29.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($18.39) EPS. On average, equities analysts expect that Everest Group, Ltd. will post 53.17 EPS for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Everest Group’s payout ratio is currently 21.13%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EG. Bank of America upped their price target on shares of Everest Group from $430.00 to $454.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Wells Fargo & Company upped their price target on shares of Everest Group from $304.00 to $332.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Cantor Fitzgerald reduced 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. Evercore set a $365.00 price target on shares of Everest Group in a report on Wednesday, January 7th. Finally, Barclays boosted their price objective on shares of Everest Group from $377.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $366.14.

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.