Jupiter Topco LLC Invests $52.27 Million in Everest Group, Ltd. $EG

Jupiter Topco LLC bought a new position in Everest Group, Ltd. (NYSE:EG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 146,313 shares of the company’s stock, valued at approximately $52,267,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EG. Trifecta Capital Advisors LLC purchased a new stake in shares of Everest Group during the second quarter valued at $29,000. Activest Wealth Management purchased a new position in Everest Group in the 4th quarter worth about $34,000. Raiffeisen Bank International AG acquired a new stake in Everest Group during the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. acquired a new stake in Everest Group during the 4th quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Everest Group during the second quarter valued at about $39,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cantor Fitzgerald raised their target price on shares of Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. BMO Capital Markets boosted their price target on shares of Everest Group from $366.00 to $376.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. UBS Group upped their price target on shares of Everest Group from $374.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Mizuho decreased their price objective on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Citigroup lifted their price objective on shares of Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $395.27.

Everest Group Trading Down 0.6%

Everest Group stock opened at $377.33 on Friday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $401.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $14.47 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.74 and a beta of 0.29. The company’s fifty day simple moving average is $369.53 and its 200-day simple moving average is $348.26.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping 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%.Everest Group’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the company earned $16.10 earnings per share. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 53.28 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company 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 of this dividend is Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.1%. Everest Group’s dividend payout ratio (DPR) is 16.92%.

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.