Public Employees Retirement Association of Colorado Has $2.13 Million Position in Everest Re Group, Ltd. (RE)

Public Employees Retirement Association of Colorado cut its position in shares of Everest Re Group, Ltd. (NYSE:RE) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 8,368 shares of the insurance provider’s stock after selling 51 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Everest Re Group were worth $2,130,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Everest Re Group by 4,778.3% in the first quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock valued at $914,021,000 after buying an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Everest Re Group by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,052,626 shares of the insurance provider’s stock valued at $713,734,000 after buying an additional 93,473 shares in the last quarter. State Street Corp boosted its position in shares of Everest Re Group by 2.3% in the first quarter. State Street Corp now owns 1,706,720 shares of the insurance provider’s stock valued at $399,045,000 after buying an additional 38,072 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Everest Re Group by 28.9% in the first quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock valued at $301,566,000 after buying an additional 289,351 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Everest Re Group by 2.5% in the first quarter. APG Asset Management N.V. now owns 728,862 shares of the insurance provider’s stock valued at $170,415,000 after buying an additional 17,800 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Everest Re Group, Ltd. (NYSE RE) opened at 268.72 on Thursday. Everest Re Group, Ltd. has a 12-month low of $183.04 and a 12-month high of $277.17. The firm has a market capitalization of $11.03 billion, a PE ratio of 9.20 and a beta of 0.63. The stock has a 50 day moving average price of $262.59 and a 200-day moving average price of $244.73.

Everest Re Group (NYSE:RE) last released its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.27. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. During the same period last year, the company posted $3.17 EPS. On average, equities research analysts forecast that Everest Re Group, Ltd. will post $21.29 EPS for the current year.

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RE has been the subject of several research reports. Keefe, Bruyette & Woods cut Everest Re Group from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $251.00 to $245.00 in a report on Monday, July 17th. Zacks Investment Research cut Everest Re Group from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $262.00 price objective (up from $240.00) on shares of Everest Re Group in a report on Saturday, April 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $259.00 price objective (up from $250.00) on shares of Everest Re Group in a report on Thursday, July 6th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Everest Re Group in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $249.50.

Everest Re Group Company Profile

Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies.

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Institutional Ownership by Quarter for Everest Re Group (NYSE:RE)

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