Rowland & Co. Investment Counsel ADV increased its stake in Everest Re Group, Ltd. (NYSE:RE) by 76.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,835 shares of the insurance provider’s stock after buying an additional 1,230 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Everest Re Group were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Huntington National Bank lifted its position in Everest Re Group by 1.5% in the second quarter. Huntington National Bank now owns 921 shares of the insurance provider’s stock worth $235,000 after buying an additional 14 shares during the last quarter. Torray LLC lifted its position in Everest Re Group by 0.8% in the second quarter. Torray LLC now owns 1,831 shares of the insurance provider’s stock worth $466,000 after buying an additional 15 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in Everest Re Group by 2.0% in the second quarter. Wetherby Asset Management Inc. now owns 1,295 shares of the insurance provider’s stock worth $330,000 after buying an additional 25 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Everest Re Group by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,634 shares of the insurance provider’s stock worth $1,784,000 after buying an additional 28 shares during the last quarter. Finally, First Merchants Corp lifted its position in Everest Re Group by 0.4% in the second quarter. First Merchants Corp now owns 8,137 shares of the insurance provider’s stock worth $2,072,000 after buying an additional 35 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

A number of analysts recently issued reports on RE shares. BidaskClub upgraded Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $259.00 target price (up previously from $250.00) on shares of Everest Re Group in a research note on Thursday, July 6th. Zacks Investment Research upgraded Everest Re Group from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a research note on Friday, July 7th. Keefe, Bruyette & Woods lowered Everest Re Group from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $251.00 to $245.00 in a research note on Monday, July 17th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Everest Re Group in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $247.89.

Everest Re Group, Ltd. (NYSE RE) traded up 0.79% during mid-day trading on Monday, reaching $226.79. The company’s stock had a trading volume of 194,663 shares. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 7.78 and a beta of 0.62. The firm’s 50 day moving average price is $236.17 and its 200 day moving average price is $247.65. Everest Re Group, Ltd. has a 12-month low of $184.76 and a 12-month high of $277.17.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, July 24th. The insurance provider reported $5.51 EPS for the quarter, beating the Thomson Reuters’ 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 quarter in the prior year, the company posted $3.17 EPS. On average, equities analysts predict that Everest Re Group, Ltd. will post $6.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, September 1st. Everest Re Group’s dividend payout ratio (DPR) is presently 17.15%.

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Everest Re Group Company Profile

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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