Swiss National Bank boosted its holdings in shares of Everest Re Group, Ltd. (NYSE:RE) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,975 shares of the insurance provider’s stock after buying an additional 4,200 shares during the quarter. Swiss National Bank owned 0.36% of Everest Re Group worth $37,928,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Everest Re Group by 4,778.3% in the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock valued at $914,021,000 after purchasing an additional 3,829,110 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Everest Re Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 3,052,626 shares of the insurance provider’s stock valued at $713,734,000 after purchasing an additional 93,473 shares during the last quarter. State Street Corp increased its position in shares of Everest Re Group by 2.3% in the 1st quarter. State Street Corp now owns 1,706,720 shares of the insurance provider’s stock valued at $399,045,000 after purchasing an additional 38,072 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Everest Re Group by 28.9% in the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock valued at $301,566,000 after purchasing an additional 289,351 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Everest Re Group by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 666,002 shares of the insurance provider’s stock valued at $155,718,000 after purchasing an additional 60,973 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Everest Re Group, Ltd. (RE) opened at 227.38 on Thursday. The stock has a market capitalization of $9.34 billion, a P/E ratio of 7.80 and a beta of 0.64. Everest Re Group, Ltd. has a 52-week low of $183.04 and a 52-week high of $277.17. The company has a 50 day moving average of $261.03 and a 200-day moving average of $249.19.

Everest Re Group (NYSE:RE) last issued its quarterly earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.27. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. During the same quarter in the previous year, the firm earned $3.17 earnings per share. Equities research analysts anticipate that Everest Re Group, Ltd. will post $20.96 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a $1.25 dividend. The ex-dividend date is Friday, September 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.20%. Everest Re Group’s dividend payout ratio (DPR) is presently 17.15%.

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RE has been the topic of a number of recent analyst reports. ValuEngine raised shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Morgan Stanley reissued an “equal weight” rating and issued a $259.00 price objective (up from $250.00) on shares of Everest Re Group in a research report on Thursday, July 6th. Wells Fargo & Company reissued a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, BidaskClub raised shares of Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Everest Re Group presently has a consensus rating of “Hold” and an average target price of $250.25.

About Everest Re Group

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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