Voya Investment Management LLC Has $3.33 Million Stake in Everest Group, Ltd. $EG

Voya Investment Management LLC reduced its holdings in Everest Group, Ltd. (NYSE:EG) by 43.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,511 shares of the company’s stock after selling 7,299 shares during the period. Voya Investment Management LLC’s holdings in Everest Group were worth $3,331,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Riversedge Advisors LLC bought a new position in shares of Everest Group in the 3rd quarter valued at about $237,000. Legacy Private Trust Co. acquired a new position in Everest Group during the third quarter valued at approximately $368,000. Czech National Bank grew its stake in Everest Group by 2.5% in the third quarter. Czech National Bank now owns 10,653 shares of the company’s stock valued at $3,731,000 after purchasing an additional 256 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Everest Group by 22.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,467 shares of the company’s stock worth $514,000 after purchasing an additional 268 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Everest Group by 36.8% during the 3rd quarter. GAMMA Investing LLC now owns 558 shares of the company’s stock worth $195,000 after purchasing an additional 150 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Everest Group news, Director William F. Galtney, Jr. purchased 11,385 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were acquired at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the purchase, the director owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. The trade was a 33.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allan Levine purchased 3,100 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were acquired at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the completion of the transaction, the director owned 4,153 shares of the company’s stock, valued at $1,271,150.24. This trade represents a 294.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EG. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and issued a $350.00 price objective on shares of Everest Group in a research report on Monday, November 3rd. Wells Fargo & Company dropped their target price on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 29th. Barclays reduced their price target on Everest Group from $425.00 to $365.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Mizuho started coverage on Everest Group in a research note on Monday, December 15th. They issued a “neutral” rating and a $359.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Everest Group has an average rating of “Hold” and a consensus target price of $367.87.

Everest Group Stock Up 0.4%

Shares of EG opened at $337.69 on Friday. The firm has a market cap of $14.18 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $373.23. The firm’s 50-day simple moving average is $323.37 and its 200 day simple moving average is $334.09.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). Everest Group had a return on equity of 3.74% and a net margin of 3.12%.The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm earned $11.80 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 26th were paid a $2.00 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $8.00 annualized dividend and a yield of 2.4%. Everest Group’s payout ratio is 60.93%.

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.