Massachusetts Financial Services Co. MA Cuts Stock Position in Everest Group, Ltd. $EG

Massachusetts Financial Services Co. MA lowered its holdings in Everest Group, Ltd. (NYSE:EG) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 645,475 shares of the company’s stock after selling 6,719 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Everest Group were worth $219,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Darwin Wealth Management LLC boosted its position in Everest Group by 6.2% in the third quarter. Darwin Wealth Management LLC now owns 568 shares of the company’s stock worth $199,000 after purchasing an additional 33 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in Everest Group by 2.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,682 shares of the company’s stock worth $571,000 after purchasing an additional 34 shares during the last quarter. Trail Ridge Investment Advisors LLC lifted its position in shares of Everest Group by 3.3% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 1,236 shares of the company’s stock valued at $433,000 after buying an additional 40 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of Everest Group by 2.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,466 shares of the company’s stock valued at $513,000 after buying an additional 40 shares during the last quarter. Finally, BayBridge Capital Group LLC lifted its position in shares of Everest Group by 4.4% during the 4th quarter. BayBridge Capital Group LLC now owns 1,017 shares of the company’s stock valued at $345,000 after buying an additional 43 shares during 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 $329.95 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 52-week low of $302.44 and a 52-week high of $368.29. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.24 and a beta of 0.34. The business’s fifty day moving average is $329.90 and its 200 day moving average is $330.11.

Everest Group (NYSE:EG) last released its quarterly earnings data on Thursday, February 5th. The company reported $13.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm posted ($18.39) earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, March 13th. Everest Group’s payout ratio is presently 21.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho set a $360.00 price target on Everest Group in a research report on Wednesday, February 11th. Zacks Research raised Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. UBS Group reaffirmed a “buy” rating and set a $345.00 price target on shares of Everest Group in a research report on Monday, January 12th. Cantor Fitzgerald dropped their price target on Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, Evercore set a $365.00 price target on Everest Group in a research report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $356.85.

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.