Everest Group, Ltd. $EG Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,878 shares of the company’s stock after selling 113 shares during the period. Mutual of America Capital Management LLC’s holdings in Everest Group were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EG. Nuveen LLC acquired a new position in Everest Group during the 1st quarter worth about $137,418,000. Vulcan Value Partners LLC lifted its stake in Everest Group by 35.8% during the 1st quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after acquiring an additional 350,019 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Everest Group by 39.7% during the 1st quarter. Victory Capital Management Inc. now owns 353,205 shares of the company’s stock worth $128,330,000 after acquiring an additional 100,377 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Everest Group during the 2nd quarter worth about $28,785,000. Finally, Amundi lifted its stake in Everest Group by 72.6% during the 1st quarter. Amundi now owns 180,484 shares of the company’s stock worth $65,292,000 after acquiring an additional 75,920 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Cowen restated a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Raymond James Financial set a $375.00 price target on Everest Group and gave the stock an “outperform” rating in a report on Monday, September 22nd. Barclays increased their price objective on shares of Everest Group from $405.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Citigroup began coverage on shares of Everest Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $382.79.

Everest Group Trading Down 0.0%

EG opened at $349.12 on Monday. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $392.78. The company has a market cap of $14.64 billion, a P/E ratio of 18.53, a PEG ratio of 0.24 and a beta of 0.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The business’s 50-day simple moving average is $345.50 and its 200-day simple moving average is $342.35.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating analysts’ consensus estimates of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the business posted $16.85 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Wednesday, September 3rd were issued a $2.00 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. Everest Group’s dividend payout ratio is presently 42.46%.

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.