Strategic Global Advisors LLC lessened its position in shares of Everest Re Group, Ltd. (NYSE:RE) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,229 shares of the insurance provider’s stock after selling 1,310 shares during the period. Everest Re Group accounts for 1.0% of Strategic Global Advisors LLC’s investment portfolio, making the stock its 28th largest position. Strategic Global Advisors LLC’s holdings in Everest Re Group were worth $2,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of Everest Re Group by 3.1% during the 1st quarter. Renaissance Technologies LLC now owns 174,900 shares of the insurance provider’s stock valued at $40,893,000 after buying an additional 5,200 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Everest Re Group during the 2nd quarter valued at $1,451,000. Swiss National Bank lifted its position in shares of Everest Re Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 148,975 shares of the insurance provider’s stock valued at $37,928,000 after buying an additional 4,200 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Everest Re Group by 21.5% during the 1st quarter. Wellington Management Group LLP now owns 86,593 shares of the insurance provider’s stock valued at $20,246,000 after buying an additional 15,328 shares during the last quarter. Finally, Menta Capital LLC lifted its position in shares of Everest Re Group by 350.0% during the 1st quarter. Menta Capital LLC now owns 4,860 shares of the insurance provider’s stock valued at $1,136,000 after buying an additional 3,780 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Everest Re Group, Ltd. (NYSE:RE) traded up 1.03% during mid-day trading on Friday, hitting $231.66. The company had a trading volume of 540,138 shares. Everest Re Group, Ltd. has a 52 week low of $183.04 and a 52 week high of $277.17. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 7.95 and a beta of 0.64. The firm’s 50 day moving average is $253.26 and its 200 day moving average is $248.64.

Everest Re Group (NYSE:RE) last released its earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 13.60% and a net margin of 19.65%. During the same period in the previous year, the business earned $3.17 earnings per share. On average, equities research analysts predict that Everest Re Group, Ltd. will post $20.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $5.00 annualized dividend and a yield of 2.16%. Everest Re Group’s dividend payout ratio (DPR) is presently 17.15%.

A number of brokerages have recently commented on RE. UBS AG reaffirmed a “neutral” rating and set a $256.00 price target (up previously from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Barclays PLC upped their price target on Everest Re Group from $299.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Buckingham Research began coverage on Everest Re Group in a research report on Monday, September 11th. They set a “neutral” rating and a $255.00 price target on the stock. Zacks Investment Research cut Everest Re Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $250.78.

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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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