TIAA CREF Investment Management LLC lessened its position in shares of Everest Re Group, Ltd. (NYSE:RE) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,046 shares of the insurance provider’s stock after selling 11,828 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.32% of Everest Re Group worth $33,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RE. BlackRock Inc. grew its holdings in Everest Re Group by 4,778.3% during the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock valued at $914,021,000 after buying an additional 3,829,110 shares in the last quarter. AQR Capital Management LLC grew its holdings in Everest Re Group by 28.9% during the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock valued at $301,566,000 after buying an additional 289,351 shares in the last quarter. American Century Companies Inc. grew its holdings in Everest Re Group by 190.2% during the 2nd quarter. American Century Companies Inc. now owns 281,630 shares of the insurance provider’s stock valued at $71,700,000 after buying an additional 184,576 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Everest Re Group by 37.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 466,483 shares of the insurance provider’s stock valued at $118,762,000 after buying an additional 126,065 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Everest Re Group by 60.7% during the 2nd quarter. Sei Investments Co. now owns 300,323 shares of the insurance provider’s stock valued at $76,459,000 after buying an additional 113,415 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Several equities analysts have weighed in on the company. Wells Fargo & Company restated a “hold” rating on shares of Everest Re Group in a report on Monday, July 24th. 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 report on Friday, August 11th. Zacks Investment Research cut Everest Re Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. UBS AG restated 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. Finally, BidaskClub upgraded Everest Re Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $249.00.

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Everest Re Group, Ltd. (RE) opened at 227.30 on Friday. Everest Re Group, Ltd. has a one year low of $183.04 and a one year high of $277.17. The stock has a market cap of $9.33 billion, a PE ratio of 7.80 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 (NYSE:RE) last posted its quarterly earnings results on Monday, July 24th. The insurance provider reported $5.51 EPS for the quarter, beating the consensus estimate of $5.24 by $0.27. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $3.17 earnings per share. Equities research analysts expect that Everest Re Group, Ltd. will post $20.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were issued a $1.25 dividend. The ex-dividend date was Friday, September 1st. This represents a $5.00 annualized dividend and a dividend yield of 2.22%. Everest Re Group’s dividend payout ratio is presently 17.15%.

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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