Dockside LLC Makes New $1.61 Million Investment in Everest Group, Ltd. $EG

Dockside LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,520 shares of the company’s stock, valued at approximately $1,615,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Siemens Fonds Invest GmbH boosted its position in shares of Everest Group by 3.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 1,067 shares of the company’s stock worth $364,000 after buying an additional 34 shares during the period. Brown Brothers Harriman & Co. raised its position in Everest Group by 27.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 171 shares of the company’s stock valued at $58,000 after buying an additional 37 shares during the period. V Square Quantitative Management LLC lifted its stake in Everest Group by 4.0% in the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after acquiring an additional 37 shares in the last quarter. GenTrust LLC lifted its stake in Everest Group by 4.8% in the 4th quarter. GenTrust LLC now owns 874 shares of the company’s stock worth $297,000 after acquiring an additional 40 shares in the last quarter. Finally, Tred Avon Family Wealth LLC boosted its position in Everest Group by 6.5% during the 1st quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock worth $215,000 after acquiring an additional 40 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of EG stock opened at $369.91 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The stock’s 50-day moving average is $363.11 and its two-hundred day moving average is $345.40. The firm has a market cap of $14.18 billion, a P/E ratio of 7.82, a PEG ratio of 0.72 and a beta of 0.29.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.52 by $0.33. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm’s revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $16.10 EPS. Analysts predict that Everest Group, Ltd. will post 53.13 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

EG has been the topic of a number of research reports. Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Atlantic Securities set a $484.00 price target on shares of Everest Group in a report on Wednesday, July 15th. Cantor Fitzgerald boosted their price objective on shares of Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company upped their price objective on shares of Everest Group from $373.00 to $396.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Mizuho cut their target price on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $393.93.

Everest Group 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.