Victory Capital Management Inc. Purchases 54,901 Shares of Everest Group, Ltd. $EG

Key Points

• Victory Capital increased its stake in Everest Group by 20.2% in Q3, buying 54,901 shares to hold 326,877 shares (about 0.78% of the company) valued at roughly $114.48 million, while institutional investors collectively own about 92.64% of the stock.
• Wall Street's consensus rating is Hold with a $363.21 price target, though analyst views vary—Cantor Fitzgerald cut its target to $344 (neutral) while Keefe, Bruyette & Woods raised theirs to $430 (outperform) and Barclays bumped theirs to $377 (overweight).
• In the latest quarter Everest reported $13.26 EPS (missing estimates by $0.10) and $4.42 billion revenue (above expectations but down 4.6% YoY), and the company declared a $2.00 quarterly dividend ($8.00 annualized, ~2.4% yield; ex-dividend March 13).

Victory Capital Management Inc. increased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,877 shares of the company's stock after purchasing an additional 54,901 shares during the quarter. Victory Capital Management Inc. owned approximately 0.78% of Everest Group worth $114,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in Everest Group by 98.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock worth $66,000 after buying an additional 90 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Everest Group during the second quarter valued at approximately $384,000. Atria Investments Inc lifted its stake in Everest Group by 5.5% in the second quarter. Atria Investments Inc now owns 1,316 shares of the company's stock worth $447,000 after acquiring an additional 69 shares during the period. Bank of Montreal Can boosted its holdings in Everest Group by 2.6% in the second quarter. Bank of Montreal Can now owns 215,270 shares of the company's stock valued at $73,160,000 after acquiring an additional 5,427 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in Everest Group by 7.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 14,483 shares of the company's stock valued at $4,915,000 after purchasing an additional 1,041 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald dropped their target price on shares of Everest Group from $348.00 to $344.00 and set a "neutral" rating for the company in a research report on Wednesday, January 14th. Evercore set a $365.00 price objective on Everest Group in a research report on Wednesday, January 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Everest Group in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on Everest Group from $400.00 to $430.00 and gave the company an "outperform" rating in a research note on Tuesday, January 6th. Finally, Barclays upped their price target on Everest Group from $365.00 to $377.00 and gave the stock an "overweight" rating in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $363.21.

Everest Group Stock Down 0.3%

EG stock opened at $334.21 on Thursday. The business has a 50 day moving average of $332.38 and a 200 day moving average of $333.16. The firm has a market cap of $13.50 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.24 and a beta of 0.34. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $370.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing analysts' consensus estimates of $13.36 by ($0.10). Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the prior year, the company posted ($18.39) earnings per share. The company's revenue was down 4.6% on a year-over-year basis. On average, research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given 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 is Friday, March 13th. Everest Group's dividend payout ratio is 21.13%.

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.

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