Everest Re Group Ltd (RE) Stake Lessened by Vident Investment Advisory LLC

Vident Investment Advisory LLC lessened its stake in shares of Everest Re Group Ltd (NYSE:RE) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,922 shares of the insurance provider’s stock after selling 267 shares during the quarter. Vident Investment Advisory LLC’s holdings in Everest Re Group were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RE. Norinchukin Bank The lifted its stake in shares of Everest Re Group by 12.7% in the 4th quarter. Norinchukin Bank The now owns 2,059 shares of the insurance provider’s stock worth $456,000 after purchasing an additional 232 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Everest Re Group by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,877 shares of the insurance provider’s stock worth $1,743,000 after purchasing an additional 259 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Everest Re Group by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,340 shares of the insurance provider’s stock worth $763,000 after purchasing an additional 289 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Everest Re Group by 28.2% in the 4th quarter. IFM Investors Pty Ltd now owns 1,362 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 300 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Everest Re Group by 7.9% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 4,095 shares of the insurance provider’s stock worth $906,000 after purchasing an additional 300 shares during the period. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have recently weighed in on RE shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $234.00 price objective on shares of Everest Re Group in a research note on Wednesday, December 6th. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $302.00 price objective on the stock in a research note on Monday, March 12th. TheStreet upgraded shares of Everest Re Group from a “c+” rating to a “b-” rating in a research note on Monday, January 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $258.00 price objective (up previously from $247.00) on shares of Everest Re Group in a research note on Thursday, March 1st. Finally, Barclays reiterated a “buy” rating and issued a $290.00 price objective (up previously from $279.00) on shares of Everest Re Group in a research note on Sunday, February 18th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $260.13.

Shares of RE stock opened at $248.63 on Friday. Everest Re Group Ltd has a one year low of $208.81 and a one year high of $277.17. The company has a market cap of $10,344.30, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 1.17 and a beta of 0.52. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.

Everest Re Group (NYSE:RE) last released its earnings results on Monday, February 5th. The insurance provider reported $13.48 EPS for the quarter, topping analysts’ consensus estimates of $6.04 by $7.44. Everest Re Group had a net margin of 7.10% and a return on equity of 4.51%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the business earned $9.08 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. equities analysts forecast that Everest Re Group Ltd will post 21.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Tuesday, March 6th. Everest Re Group’s payout ratio is 46.68%.

In other Everest Re Group news, Director Roger M. Singer sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $244.58, for a total transaction of $244,580.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John P. Doucette sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.84, for a total transaction of $72,852.00. Following the sale, the vice president now owns 21,434 shares in the company, 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 company insiders.

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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.

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

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