Bp Plc held its position in Everest Re Group, Ltd. (NYSE:RE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the insurance provider’s stock at the end of the second quarter. Bp Plc’s holdings in Everest Re Group were worth $1,400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position in Everest Re Group by 23.1% in the first quarter. Toronto Dominion Bank now owns 447 shares of the insurance provider’s stock worth $104,000 after buying an additional 84 shares during the last quarter. IFP Advisors Inc boosted its position in Everest Re Group by 1.6% in the first quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock worth $119,000 after buying an additional 8 shares during the last quarter. Assetmark Inc. bought a new position in Everest Re Group during the first quarter worth $142,000. Raymond James Financial Services Advisors Inc. bought a new position in Everest Re Group during the first quarter worth $200,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in Everest Re Group during the first quarter worth $204,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Shares of Everest Re Group, Ltd. (RE) opened at 265.07 on Friday. The company’s 50 day moving average is $263.19 and its 200-day moving average is $245.23. Everest Re Group, Ltd. has a 52 week low of $183.04 and a 52 week high of $277.17. The stock has a market capitalization of $10.88 billion, a PE ratio of 9.09 and a beta of 0.63.

Everest Re Group (NYSE:RE) last posted its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.27. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. During the same quarter last year, the firm posted $3.17 earnings per share. On average, equities analysts predict that Everest Re Group, Ltd. will post $21.48 earnings per share for the current year.

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A number of research analysts have weighed in on RE shares. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $295.00 target price on the stock in a research note on Monday, July 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $262.00 target price (up from $240.00) on shares of Everest Re Group in a research note on Saturday, April 29th. BidaskClub upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $259.00 target price (up from $250.00) on shares of Everest Re Group in a research note on Thursday, July 6th. Finally, Barclays PLC boosted their target price on shares of Everest Re Group from $269.00 to $299.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $250.25.

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.

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

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