52,232 Shares in Everest Group, Ltd. $EG Acquired by Danske Bank A S

Danske Bank A S bought a new stake in Everest Group, Ltd. (NYSE:EG) during the second quarter, HoldingsChannel reports. The institutional investor bought 52,232 shares of the company’s stock, valued at approximately $18,659,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Everest Group in the second quarter worth $1,150,555,000. Norges Bank purchased a new stake in shares of Everest Group in the fourth quarter valued at $630,277,000. AQR Capital Management LLC boosted its stake in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after acquiring an additional 830,418 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Everest Group by 12,322.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519,243 shares of the company’s stock valued at $176,205,000 after acquiring an additional 515,063 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Everest Group by 507.4% during the 1st quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after purchasing an additional 375,846 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a research note on Wednesday. Mizuho lowered their price target on shares of Everest Group from $418.00 to $416.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $411.00 to $414.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. UBS Group upped their price objective on shares of Everest Group from $374.00 to $395.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Atlantic Securities set a $484.00 target price on shares of Everest Group in a research report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $395.27.

Everest Group Stock Performance

Everest Group stock opened at $368.89 on Friday. The stock has a fifty day moving average price of $365.72 and a 200 day moving average price of $346.63. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $401.07. The firm has a market capitalization of $14.14 billion, a P/E ratio of 7.80, a PEG ratio of 0.72 and a beta of 0.29. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.52 by $0.33. The firm had revenue of $3.96 billion for 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the company earned $16.10 EPS. Equities research analysts anticipate that Everest Group, Ltd. will post 52.83 earnings per share for the current year.

Everest Group Dividend Announcement

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

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.