Pettee Investors Inc. cut its position in Everest Re Group Ltd (NYSE:RE) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,857 shares of the insurance provider’s stock after selling 1,085 shares during the period. Pettee Investors Inc.’s holdings in Everest Re Group were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its stake in shares of Everest Re Group by 8.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 958 shares of the insurance provider’s stock valued at $244,000 after buying an additional 71 shares during the period. Candriam Luxembourg S.C.A. grew its stake in shares of Everest Re Group by 3.0% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 8,688 shares of the insurance provider’s stock valued at $1,984,000 after buying an additional 256 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Everest Re Group by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,877 shares of the insurance provider’s stock valued at $1,743,000 after purchasing an additional 259 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Everest Re Group by 9.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,340 shares of the insurance provider’s stock valued at $763,000 after purchasing an additional 289 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Everest Re Group by 28.2% during the 4th quarter. IFM Investors Pty Ltd now owns 1,362 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.

In other news, Director John A. Graf bought 2,285 shares of the company’s stock in a transaction on Monday, January 8th. The shares were purchased at an average price of $219.07 per share, with a total value of $500,574.95. Following the transaction, the director now directly owns 5,550 shares in the company, valued at $1,215,838.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William F. Galtney, Jr. bought 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $225.29 per share, for a total transaction of $1,351,740.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,323 shares of company stock worth $1,860,654. Insiders own 1.30% of the company’s stock.

Everest Re Group Ltd (NYSE RE) opened at $246.70 on Thursday. The stock has a market capitalization of $9,895.38, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.20 and a beta of 0.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.31. Everest Re Group Ltd has a 12 month low of $208.81 and a 12 month high of $277.17.

Everest Re Group (NYSE:RE) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $13.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.04 by $7.44. Everest Re Group had a return on equity of 4.51% and a net margin of 7.10%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $9.08 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. equities research analysts expect that Everest Re Group Ltd will post 20.23 earnings per share for the current fiscal year.

A number of research firms have issued reports on RE. Zacks Investment Research downgraded Everest Re Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays cut their price target on Everest Re Group from $305.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $216.00 price target on shares of Everest Re Group in a research note on Friday, November 3rd. Wells Fargo & Co reiterated a “market perform” rating and set a $235.00 price target (down previously from $240.00) on shares of Everest Re Group in a research note on Tuesday, January 9th. Finally, TheStreet downgraded Everest Re Group from a “b” rating to a “c+” rating in a research note on Monday, December 18th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $252.88.

COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.dailypolitical.com/2018/02/08/pettee-investors-inc-trims-stake-in-everest-re-group-ltd-re.html.

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.

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