2,364 Shares in Everest Re Group, Ltd. (RE) Acquired by Lingohr & Partner Asset Management GmbH
Lingohr & Partner Asset Management GmbH acquired a new stake in shares of Everest Re Group, Ltd. (NYSE:RE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,364 shares of the insurance provider’s stock, valued at approximately $565,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Capital Fund Management S.A. bought a new position in Everest Re Group during the second quarter valued at approximately $7,256,000. Stifel Financial Corp raised its position in Everest Re Group by 32.1% during the second quarter. Stifel Financial Corp now owns 10,755 shares of the insurance provider’s stock valued at $2,740,000 after acquiring an additional 2,611 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Everest Re Group during the second quarter valued at approximately $1,451,000. Swiss National Bank raised its position in shares of Everest Re Group by 2.9% in the second quarter. Swiss National Bank now owns 148,975 shares of the insurance provider’s stock valued at $37,928,000 after purchasing an additional 4,200 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its position in shares of Everest Re Group by 144.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 101,717 shares of the insurance provider’s stock valued at $25,897,000 after purchasing an additional 60,058 shares during the period. 92.16% of the stock is currently owned by hedge funds and other institutional investors.
RE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered shares of Everest Re Group from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $251.00 to $245.00 in a research report on Monday, July 17th. Zacks Investment Research raised shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $295.00 price target on the stock in a research report on Monday, July 17th. Wells Fargo & Company reissued a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. BidaskClub lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, UBS AG reissued a “neutral” rating and issued a $256.00 price target (up previously from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Everest Re Group currently has an average rating of “Hold” and a consensus target price of $243.20.
Shares of Everest Re Group, Ltd. (RE) traded up $0.35 during mid-day trading on Monday, reaching $231.14. 329,100 shares of the company were exchanged, compared to its average volume of 396,291. Everest Re Group, Ltd. has a fifty-two week low of $206.60 and a fifty-two week high of $277.17. The company has a market capitalization of $9,492.85, a price-to-earnings ratio of 55.03, a P/E/G ratio of 13.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33.
Everest Re Group (NYSE:RE) last announced its earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $6.53 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. equities analysts anticipate that Everest Re Group, Ltd. will post 1.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.25. Everest Re Group’s payout ratio is 78.49%.
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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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