Teachers Advisors LLC lifted its position in shares of Everest Re Group, Ltd. (NYSE:RE) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,211 shares of the insurance provider’s stock after acquiring an additional 933 shares during the quarter. Teachers Advisors LLC owned 0.45% of Everest Re Group worth $47,407,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RE. BlackRock Inc. lifted its stake in 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 buying an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 buying an additional 93,473 shares in the last quarter. State Street Corp lifted its stake in 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 buying an additional 38,072 shares in the last quarter. AQR Capital Management LLC lifted its stake in 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 buying an additional 289,351 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in 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 buying an additional 60,973 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

RE has been the topic of a number of research reports. ValuEngine raised shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $259.00 price target (up from $250.00) on shares of Everest Re Group in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $293.00 price target on the stock in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods lowered shares of Everest Re Group from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $251.00 to $245.00 in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $250.78.

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Everest Re Group, Ltd. (RE) opened at 231.66 on Friday. The firm has a 50-day moving average of $253.26 and a 200-day moving average of $248.64. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 7.95 and a beta of 0.64. Everest Re Group, Ltd. has a 1-year low of $183.04 and a 1-year high of $277.17.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.27. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business posted $3.17 earnings per share. Equities research analysts anticipate that Everest Re Group, Ltd. will post $20.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, September 1st. Everest Re Group’s dividend payout ratio (DPR) is presently 17.15%.

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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