Pillar Pacific Capital Management LLC cut its stake in Everest Re Group Ltd (NYSE:RE) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the insurance provider’s stock after selling 90 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Everest Re Group were worth $213,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its stake in Everest Re Group by 15.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,829 shares of the insurance provider’s stock worth $1,935,000 after purchasing an additional 1,067 shares during the period. Retirement Systems of Alabama boosted its stake in Everest Re Group by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 18,996 shares of the insurance provider’s stock worth $4,695,000 after purchasing an additional 56 shares during the period. Scout Investments Inc. acquired a new position in Everest Re Group in the 2nd quarter worth approximately $48,411,000. NN Investment Partners Holdings N.V. boosted its stake in Everest Re Group by 118.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,993 shares of the insurance provider’s stock worth $1,234,000 after purchasing an additional 2,709 shares during the period. Finally, Diversified Trust Co boosted its stake in Everest Re Group by 12.2% in the 2nd quarter. Diversified Trust Co now owns 2,255 shares of the insurance provider’s stock worth $557,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

NYSE:RE traded down $0.10 during midday trading on Friday, reaching $263.49. The stock had a trading volume of 4,186 shares, compared to its average volume of 248,801. Everest Re Group Ltd has a 1-year low of $201.09 and a 1-year high of $268.95. The firm’s fifty day simple moving average is $256.79 and its 200-day simple moving average is $250.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.32 and a quick ratio of 0.37. The stock has a market capitalization of $10.56 billion, a P/E ratio of 56.68, a PEG ratio of 1.15 and a beta of 0.24.

Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Monday, October 28th. The insurance provider reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $1.32. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.03 billion. Everest Re Group had a net margin of 5.30% and a return on equity of 5.90%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $4.09 EPS. On average, equities research analysts anticipate that Everest Re Group Ltd will post 22.6 earnings per share for the current fiscal year.

In other Everest Re Group news, CEO John P. Doucette sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $251.97, for a total value of $1,259,850.00. Following the sale, the chief executive officer now directly owns 22,747 shares in the company, valued at approximately $5,731,561.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

A number of equities analysts recently commented on the stock. ValuEngine lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co reiterated a “hold” rating and issued a $250.00 target price on shares of Everest Re Group in a research report on Monday, October 28th. Credit Suisse Group set a $256.00 target price on shares of Everest Re Group and gave the stock a “hold” rating in a research report on Sunday, September 15th. Morgan Stanley cut their target price on shares of Everest Re Group from $265.00 to $260.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, Barclays set a $300.00 target price on shares of Everest Re Group and gave the stock a “buy” rating in a research report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $261.67.

Everest Re Group Profile

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance. 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 United States.

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

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