State Board of Administration of Florida Retirement System trimmed its holdings in Everest Re Group Ltd (NYSE:RE) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,837 shares of the insurance provider’s stock after selling 726 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Everest Re Group were worth $12,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Everest Re Group by 323.5% during the fourth quarter. SG Americas Securities LLC now owns 12,683 shares of the insurance provider’s stock worth $2,762,000 after purchasing an additional 9,688 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Everest Re Group by 16.2% during the fourth quarter. OLD National Bancorp IN now owns 1,805 shares of the insurance provider’s stock worth $393,000 after purchasing an additional 251 shares in the last quarter. KBC Group NV lifted its position in shares of Everest Re Group by 2.4% during the fourth quarter. KBC Group NV now owns 24,746 shares of the insurance provider’s stock worth $5,389,000 after purchasing an additional 589 shares in the last quarter. First Interstate Bank acquired a new stake in shares of Everest Re Group during the fourth quarter worth about $50,000. Finally, Advisor Partners LLC lifted its position in shares of Everest Re Group by 18.8% during the fourth quarter. Advisor Partners LLC now owns 1,703 shares of the insurance provider’s stock worth $371,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 99.68% of the company’s stock.

NYSE:RE traded down $1.91 during mid-day trading on Monday, hitting $219.89. The stock had a trading volume of 34,015 shares, compared to its average volume of 245,158. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.08. Everest Re Group Ltd has a twelve month low of $201.09 and a twelve month high of $264.88. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.33.

Several analysts recently weighed in on RE shares. Wells Fargo & Co reaffirmed a “hold” rating and issued a $235.00 target price on shares of Everest Re Group in a report on Thursday, October 18th. Citigroup reduced their target price on shares of Everest Re Group from $237.00 to $232.00 and set a “hold” rating on the stock in a report on Monday, October 22nd. Zacks Investment Research cut shares of Everest Re Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. ValuEngine raised shares of Everest Re Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, TheStreet raised shares of Everest Re Group from a “c+” rating to a “b” rating in a report on Monday, October 29th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $252.89.

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Everest Re Group 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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