Livforsakringsbolaget Skandia Omsesidigt lessened its stake in shares of Everest Re Group Ltd (NYSE:RE) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,542 shares of the insurance provider’s stock after selling 900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Everest Re Group were worth $2,996,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in Everest Re Group by 12.0% during the 3rd quarter. Toronto Dominion Bank now owns 15,579 shares of the insurance provider’s stock valued at $3,558,000 after buying an additional 1,667 shares during the last quarter. AXA grew its holdings in Everest Re Group by 165.0% during the 3rd quarter. AXA now owns 119,964 shares of the insurance provider’s stock valued at $27,399,000 after buying an additional 74,700 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Everest Re Group by 32.1% during the 2nd quarter. Stifel Financial Corp now owns 10,755 shares of the insurance provider’s stock worth $2,740,000 after purchasing an additional 2,611 shares during the period. Magnetar Financial LLC lifted its stake in shares of Everest Re Group by 15.7% during the 3rd quarter. Magnetar Financial LLC now owns 10,539 shares of the insurance provider’s stock worth $2,407,000 after purchasing an additional 1,430 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of Everest Re Group by 43.6% during the 3rd quarter. APG Asset Management N.V. now owns 1,032,662 shares of the insurance provider’s stock worth $235,850,000 after purchasing an additional 313,700 shares during the period. Hedge funds and other institutional investors own 93.37% of the company’s stock.

Everest Re Group Ltd (RE) opened at $223.24 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $9,281.75, a price-to-earnings ratio of 35.05, a P/E/G ratio of 1.12 and a beta of 0.61. Everest Re Group Ltd has a 52-week low of $208.81 and a 52-week high of $277.17.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the consensus estimate of $3.68 by ($20.11). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $6.53 earnings per share. analysts predict that Everest Re Group Ltd will post 1.28 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the company. UBS Group reduced their price target on Everest Re Group from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Zacks Investment Research raised Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $253.00 price target on the stock in a research note on Friday, January 5th. Wells Fargo & Co reissued 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. Keefe, Bruyette & Woods reissued a “sell” rating and set a $230.00 price target on shares of Everest Re Group in a research note on Friday, October 13th. Finally, ValuEngine lowered Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $252.88.

In other news, Director John A. Graf bought 2,285 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average cost of $219.07 per share, with a total value of $500,574.95. Following the transaction, the director now owns 5,550 shares of the company’s stock, valued at approximately $1,215,838.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was 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. Insiders purchased a total of 8,323 shares of company stock worth $1,860,654 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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Everest Re Group 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.

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Institutional Ownership by Quarter for Everest Re Group (NYSE:RE)

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