Teacher Retirement System of Texas boosted its stake in shares of Everest Re Group, Ltd. (NYSE:RE) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 96,088 shares of the insurance provider’s stock after buying an additional 1,174 shares during the period. Teacher Retirement System of Texas’ holdings in Everest Re Group were worth $24,463,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RE. IFP Advisors Inc increased its stake in Everest Re Group by 1.6% in the first quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock valued at $119,000 after buying an additional 8 shares during the period. Huntington National Bank increased its stake in Everest Re Group by 1.5% in the second quarter. Huntington National Bank now owns 921 shares of the insurance provider’s stock valued at $235,000 after buying an additional 14 shares during the period. Advisor Partners LLC increased its stake in Everest Re Group by 1.9% in the first quarter. Advisor Partners LLC now owns 1,289 shares of the insurance provider’s stock valued at $301,000 after buying an additional 24 shares during the period. Wetherby Asset Management Inc. increased its stake in Everest Re Group by 2.0% in the second quarter. Wetherby Asset Management Inc. now owns 1,295 shares of the insurance provider’s stock valued at $330,000 after buying an additional 25 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Everest Re Group by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,634 shares of the insurance provider’s stock valued at $1,784,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Shares of Everest Re Group, Ltd. (RE) opened at 265.07 on Friday. The company has a market capitalization of $10.88 billion, a P/E ratio of 9.08 and a beta of 0.63. Everest Re Group, Ltd. has a 52-week low of $183.04 and a 52-week high of $277.17. The stock’s 50 day moving average price is $263.19 and its 200-day moving average price is $245.23.

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, topping the Zacks’ 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 analyst estimates of $1.46 billion. During the same period last year, the company earned $3.17 earnings per share. On average, equities analysts expect that Everest Re Group, Ltd. will post $21.48 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Teacher Retirement System of Texas Purchases 1,174 Shares of Everest Re Group, Ltd. (RE)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://theolympiareport.com/2017/08/12/teacher-retirement-system-of-texas-purchases-1174-shares-of-everest-re-group-ltd-re.html.

A number of analysts have recently weighed in on the company. Barclays PLC upped their target price on Everest Re Group from $299.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday. 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, UBS AG reiterated a “neutral” rating and set a $256.00 target price (up from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $250.25.

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