Investors bought shares of Everest Re Group Ltd (NYSE:RE) on weakness during trading on Monday. $36.08 million flowed into the stock on the tick-up and $14.00 million flowed out of the stock on the tick-down, for a money net flow of $22.08 million into the stock. Of all companies tracked, Everest Re Group had the 13th highest net in-flow for the day. Everest Re Group traded down ($1.31) for the day and closed at $241.63
Several analysts have weighed in on the stock. Barclays reiterated a “buy” rating and set a $290.00 target price (up previously from $279.00) on shares of Everest Re Group in a research note on Sunday, February 18th. Zacks Investment Research upgraded shares of Everest Re Group from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. TheStreet upgraded shares of Everest Re Group from a “c+” rating to a “b-” rating in a research report on Monday, January 22nd. UBS Group upped their price target on shares of Everest Re Group from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and set a $216.00 price target on shares of Everest Re Group in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Everest Re Group presently has an average rating of “Hold” and an average target price of $254.13.
The stock has a market cap of $9,867.20, a PE ratio of 21.83, a P/E/G ratio of 1.13 and a beta of 0.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.31 and a quick ratio of 0.33.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 6th. This represents a $5.20 annualized dividend and a dividend yield of 2.14%. Everest Re Group’s dividend payout ratio is currently 46.68%.
In related news, Director John A. Graf acquired 2,285 shares of Everest Re Group stock in a transaction that occurred on Monday, January 8th. The stock was acquired at an average price of $219.07 per share, with a total value of $500,574.95. Following the completion of the acquisition, the director now directly owns 5,550 shares of the company’s stock, valued at approximately $1,215,838.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John P. Doucette sold 300 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.84, for a total transaction of $72,852.00. Following the completion of the sale, the vice president now directly owns 21,434 shares of the company’s stock, valued at approximately $5,205,032.56. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of RE. Focused Wealth Management Inc acquired a new stake in Everest Re Group in the fourth quarter worth about $111,000. Cerebellum GP LLC acquired a new stake in Everest Re Group in the fourth quarter worth about $133,000. Valeo Financial Advisors LLC acquired a new stake in Everest Re Group in the third quarter worth about $137,000. Tower Research Capital LLC TRC acquired a new stake in Everest Re Group in the fourth quarter worth about $144,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Everest Re Group by 87.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 750 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 350 shares during the period. 92.14% of the stock is owned by institutional investors and hedge funds.
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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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