Tdam USA Inc. held its position in shares of Everest Re Group, Ltd. (NYSE:RE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,292 shares of the insurance provider’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Everest Re Group were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in Everest Re Group by 29.1% in the second quarter. IFP Advisors Inc now owns 657 shares of the insurance provider’s stock valued at $167,000 after buying an additional 148 shares during the period. ARP Americas LLC purchased a new position in Everest Re Group during the second quarter valued at approximately $803,000. Lowe Brockenbrough & Co. Inc. boosted its position in Everest Re Group by 1.3% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 3,754 shares of the insurance provider’s stock valued at $956,000 after buying an additional 50 shares during the period. Korea Investment CORP boosted its position in Everest Re Group by 61.6% in the second quarter. Korea Investment CORP now owns 38,080 shares of the insurance provider’s stock valued at $9,695,000 after buying an additional 14,520 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in Everest Re Group by 113.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 8,432 shares of the insurance provider’s stock valued at $2,147,000 after buying an additional 4,486 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Shares of Everest Re Group, Ltd. (RE) opened at 268.72 on Thursday. The stock’s 50 day moving average is $262.59 and its 200 day moving average is $244.73. Everest Re Group, Ltd. has a 12 month low of $183.04 and a 12 month high of $277.17. The stock has a market cap of $11.03 billion, a P/E ratio of 9.20 and a beta of 0.63.

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

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/08/10/tdam-usa-inc-holds-stake-in-everest-re-group-ltd-re.html.

Several research analysts have commented on the stock. BidaskClub cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG reiterated a “neutral” rating and set a $256.00 price target (up previously from $251.00) on shares of Everest Re Group in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $294.00 price target for the company in a report on Tuesday, August 1st. Wells Fargo & Company reiterated a “hold” rating on shares of Everest Re Group in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods cut shares of Everest Re Group from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $251.00 to $245.00 in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $249.50.

About Everest Re Group

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.

Want to see what other hedge funds are holding RE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Re Group, Ltd. (NYSE:RE).

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

Receive News & Ratings for Everest Re Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Re Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.