Ativo Capital Management LLC acquired a new position in Everest Re Group, Ltd. (NYSE:RE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,770 shares of the insurance provider’s stock, valued at approximately $1,469,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in shares of Everest Re Group by 4,778.3% in the first quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock worth $914,021,000 after buying an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Everest Re Group by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,052,626 shares of the insurance provider’s stock worth $713,734,000 after buying an additional 93,473 shares in the last quarter. State Street Corp raised its position in shares of Everest Re Group by 2.3% in the first quarter. State Street Corp now owns 1,706,720 shares of the insurance provider’s stock worth $399,045,000 after buying an additional 38,072 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Everest Re Group by 28.9% in the first quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock worth $301,566,000 after buying an additional 289,351 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Everest Re Group by 10.1% in the first quarter. Principal Financial Group Inc. now owns 666,002 shares of the insurance provider’s stock worth $155,718,000 after buying an additional 60,973 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

A number of research firms have weighed in on RE. UBS AG lowered their price target on Everest Re Group from $256.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday. BidaskClub upgraded Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine upgraded Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Everest Re Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Barclays PLC raised 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Everest Re Group presently has an average rating of “Hold” and an average target price of $249.00.

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Everest Re Group, Ltd. (NYSE:RE) traded down 1.26% during mid-day trading on Wednesday, hitting $223.03. The company had a trading volume of 160,972 shares. The stock has a market capitalization of $9.16 billion, a PE ratio of 7.65 and a beta of 0.64. The stock has a 50 day moving average price of $251.27 and a 200-day moving average price of $248.66. Everest Re Group, Ltd. has a 1-year low of $183.04 and a 1-year high of $277.17.

Everest Re Group (NYSE:RE) last posted its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $3.17 EPS. On average, analysts forecast that Everest Re Group, Ltd. will post $20.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, September 1st. Everest Re Group’s dividend payout ratio (DPR) is currently 17.15%.

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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