Everest Group, Ltd. (NYSE:EG) Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,828 shares of the company's stock after selling 9,574 shares during the period. Victory Capital Management Inc. owned about 0.59% of Everest Group worth $91,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Everest Group during the fourth quarter worth about $31,000. Brooklyn Investment Group bought a new position in Everest Group in the 3rd quarter worth about $39,000. Private Trust Co. NA increased its stake in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after purchasing an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group during the third quarter valued at approximately $64,000. Finally, Avior Wealth Management LLC boosted its position in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EG has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley restated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $416.50.

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Everest Group Price Performance

Shares of NYSE:EG traded down $5.45 during trading hours on Monday, hitting $358.31. 568,211 shares of the company's stock traded hands, compared to its average volume of 347,651. The company's fifty day simple moving average is $352.43 and its two-hundred day simple moving average is $369.48. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, March 17th. Everest Group's payout ratio is 25.47%.

About Everest Group

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.