BB&T Securities LLC boosted its stake in shares of Everest Re Group Ltd (NYSE:RE) by 30.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,160 shares of the insurance provider’s stock after acquiring an additional 1,659 shares during the quarter. BB&T Securities LLC’s holdings in Everest Re Group were worth $1,650,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RE. Zeke Capital Advisors LLC boosted its stake in shares of Everest Re Group by 22.8% in the 2nd quarter. Zeke Capital Advisors LLC now owns 12,637 shares of the insurance provider’s stock valued at $2,913,000 after purchasing an additional 2,344 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Everest Re Group by 23.0% in the 1st quarter. Champlain Investment Partners LLC now owns 444,645 shares of the insurance provider’s stock valued at $114,194,000 after purchasing an additional 83,140 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Everest Re Group in the 1st quarter valued at about $4,684,000. World Asset Management Inc boosted its stake in shares of Everest Re Group by 8.3% in the 2nd quarter. World Asset Management Inc now owns 2,770 shares of the insurance provider’s stock valued at $638,000 after purchasing an additional 213 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Everest Re Group by 24.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,222 shares of the insurance provider’s stock valued at $2,356,000 after purchasing an additional 2,040 shares during the last quarter. 92.95% of the stock is currently owned by hedge funds and other institutional investors.

RE has been the topic of several recent research reports. Wells Fargo & Co set a $240.00 target price on shares of Everest Re Group and gave the company a “hold” rating in a research note on Monday, May 21st. Goldman Sachs Group initiated coverage on shares of Everest Re Group in a research note on Monday, June 18th. They issued a “buy” rating and a $280.00 target price on the stock. Zacks Investment Research raised shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $257.00 target price on the stock in a research note on Wednesday, June 27th. ValuEngine lowered shares of Everest Re Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $240.00 target price on shares of Everest Re Group in a research note on Wednesday, August 1st. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Everest Re Group presently has an average rating of “Hold” and a consensus price target of $255.00.

Shares of NYSE:RE opened at $223.26 on Tuesday. The company has a market capitalization of $8.74 billion, a P/E ratio of 24.42, a PEG ratio of 1.24 and a beta of 0.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.35 and a current ratio of 0.35. Everest Re Group Ltd has a fifty-two week low of $206.68 and a fifty-two week high of $264.88.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.03). The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.72 billion. Everest Re Group had a net margin of 2.93% and a return on equity of 1.80%. During the same quarter in the prior year, the business earned $5.51 earnings per share. analysts forecast that Everest Re Group Ltd will post 17.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th will be given a $1.30 dividend. The ex-dividend date is Tuesday, September 4th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.33%. Everest Re Group’s dividend payout ratio is 57.14%.

In related news, CEO John P. Doucette sold 900 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $215.32, for a total value of $193,788.00. Following the sale, the chief executive officer now directly owns 22,620 shares in the company, valued at approximately $4,870,538.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Everest Re Group Company Profile

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States.

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

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