Everest Group, Ltd. $EG Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC cut its stake in Everest Group, Ltd. (NYSE:EG) by 86.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,783 shares of the company’s stock after selling 18,503 shares during the quarter. LS Investment Advisors LLC’s holdings in Everest Group were worth $975,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Board of the Pension Protection Fund acquired a new stake in shares of Everest Group in the second quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new position in Everest Group during the second quarter worth $39,000. MUFG Securities EMEA plc acquired a new position in Everest Group in the 2nd quarter valued at about $43,000. Geneos Wealth Management Inc. increased its stake in Everest Group by 98.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock worth $66,000 after buying an additional 90 shares during the period. Finally, Allworth Financial LP increased its position in shares of Everest Group by 96.8% during the second quarter. Allworth Financial LP now owns 183 shares of the company’s stock worth $62,000 after acquiring an additional 90 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Price Performance

Shares of NYSE:EG opened at $334.57 on Monday. 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 one year low of $302.44 and a one year high of $373.23. The business’s fifty day moving average price is $322.37 and its two-hundred day moving average price is $334.19. The stock has a market cap of $14.05 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 0.24 and a beta of 0.38.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share 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 business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the prior year, the company earned $11.80 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EG. TD Cowen lowered their target price on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a report on Monday, December 15th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a research report on Monday, November 3rd. Cowen reissued a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Finally, Wolfe Research raised Everest Group from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $367.87.

Insiders Place Their Bets

In other news, Director William F. Galtney, Jr. acquired 11,385 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were purchased at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the acquisition, the director directly owned 45,491 shares of the company’s stock, valued at $13,983,023.58. This represents a 33.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Allan Levine acquired 3,100 shares of the stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $306.08 per share, with a total value of $948,848.00. Following the purchase, the director owned 4,153 shares in the company, valued at $1,271,150.24. This represents a 294.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

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.