115,576 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. bought a new position in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 115,576 shares of the company’s stock, valued at approximately $40,865,000.

Several other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in Everest Group in the 4th quarter valued at $25,000. Avior Wealth Management LLC acquired a new position in shares of Everest Group in the fourth quarter valued at about $25,000. Headlands Technologies LLC bought a new position in shares of Everest Group during the fourth quarter worth approximately $25,000. Janiczek Wealth Management LLC bought a new position in Everest Group during the 4th quarter worth $27,000. Finally, Trifecta Capital Advisors LLC acquired a new position in Everest Group in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In other news, CFO Mark Kociancic acquired 1,000 shares of Everest Group stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $349.00 per share, with a total value of $349,000.00. Following the purchase, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Mark Kociancic bought 1,000 shares of Everest Group stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $349.00 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, the chief financial officer now owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO James Allan Williamson acquired 700 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $352.50 per share, with a total value of $246,750.00. Following the acquisition, the chief operating officer now owns 11,749 shares in the company, valued at approximately $4,141,522.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,485 shares of company stock worth $874,786 over the last quarter. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EG. Morgan Stanley decreased their target price on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Keefe, Bruyette & Woods increased their price target on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company lowered their target price on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. TD Cowen assumed coverage on Everest Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $421.00 price target on the stock. Finally, Citigroup lowered Everest Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $452.00 to $375.00 in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $432.11.

Everest Group Stock Down 0.7 %

Shares of Everest Group stock opened at $369.65 on Monday. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 5.49, a P/E/G ratio of 3.25 and a beta of 0.57. Everest Group, Ltd. has a 52-week low of $331.08 and a 52-week high of $417.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.37 and a current ratio of 0.35. The company’s 50 day moving average price is $376.02 and its 200-day moving average price is $378.25.

Everest Group (NYSE:EG) last announced its earnings results on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $11.31 earnings per share. Equities research analysts forecast that Everest Group, Ltd. will post 61.49 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Monday, March 18th. Everest Group’s dividend payout ratio (DPR) is 10.40%.

Everest Group Company Profile

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.