OxFORD Asset Management LLP decreased its stake in shares of Everest Re Group, Ltd. (NYSE:RE) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,701 shares of the insurance provider’s stock after selling 1,436 shares during the quarter. OxFORD Asset Management LLP’s holdings in Everest Re Group were worth $3,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Everest Re Group by 4,778.3% during the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock worth $914,021,000 after purchasing an additional 3,829,110 shares during the period. Vanguard Group Inc. increased its holdings in Everest Re Group by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock worth $956,473,000 after purchasing an additional 704,287 shares during the period. State Street Corp increased its holdings in Everest Re Group by 2.3% during the 1st quarter. State Street Corp now owns 1,706,720 shares of the insurance provider’s stock worth $399,045,000 after purchasing an additional 38,072 shares during the period. AQR Capital Management LLC increased its holdings in Everest Re Group by 28.9% during the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock worth $301,566,000 after purchasing an additional 289,351 shares during the period. Finally, Northern Trust Corp increased its holdings in Everest Re Group by 5.4% during the 2nd quarter. Northern Trust Corp now owns 676,890 shares of the insurance provider’s stock worth $172,330,000 after purchasing an additional 34,827 shares during the period. Institutional investors own 92.44% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub upgraded Everest Re Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. ValuEngine upgraded Everest Re Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Everest Re Group from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. UBS AG restated a “neutral” rating and set a $256.00 price target (up previously from $251.00) on shares of Everest Re Group in a report on Tuesday, August 1st. Finally, Barclays PLC upped their price target on Everest Re Group from $299.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $249.00.

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Everest Re Group, Ltd. (NYSE:RE) opened at 228.39 on Friday. Everest Re Group, Ltd. has a 52-week low of $183.04 and a 52-week high of $277.17. The firm has a market capitalization of $9.38 billion, a PE ratio of 7.84 and a beta of 0.64. The stock’s 50 day moving average price is $251.27 and its 200 day moving average price is $248.66.

Everest Re Group (NYSE:RE) last announced its earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.24 by $0.27. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $3.17 earnings per share. Analysts expect that Everest Re Group, Ltd. will post $20.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, September 1st. Everest Re Group’s payout ratio is 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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