New York State Common Retirement Fund Acquires 8,059 Shares of Everest Group, Ltd. $EG

by · The Markets Daily

New York State Common Retirement Fund grew its stake in Everest Group, Ltd. (NYSE:EG – Free Report) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,646 shares of the company’s stock after buying an additional 8,059 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Everest Group worth $18,438,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Everest Group in the second quarter valued at about $601,300,000. Geode Capital Management LLC lifted its position in shares of Everest Group by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock worth $414,385,000 after purchasing an additional 6,217 shares during the period. AQR Capital Management LLC boosted its stake in shares of Everest Group by 65.6% during the second quarter. AQR Capital Management LLC now owns 1,180,615 shares of the company’s stock valued at $399,626,000 after purchasing an additional 467,656 shares in the last quarter. Altrinsic Global Advisors LLC increased its holdings in Everest Group by 37.2% during the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock valued at $318,540,000 after buying an additional 254,317 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Everest Group by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 652,194 shares of the company’s stock worth $228,418,000 after acquiring an additional 29,586 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $350.00 price objective on shares of Everest Group in a report on Monday, November 3rd. Wells Fargo & Company lowered their price target on Everest Group from $343.00 to $332.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Wall Street Zen lowered Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Evercore ISI set a $365.00 price objective on shares of Everest Group in a research note on Wednesday, January 7th. Finally, TD Cowen cut their price target on shares of Everest Group from $400.00 to $365.00 and set a “hold” rating on the stock in a report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $364.64.

Check Out Our Latest Analysis on EG

Everest Group Stock Performance

NYSE:EG opened at $331.26 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 0.23 and a beta of 0.36. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a 50-day moving average of $325.41 and a 200-day moving average of $332.63.

Everest Group Dividend Announcement

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

Everest Group Company Profile

(Free Report)

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.

Read More