State of Wisconsin Investment Board boosted its position in shares of Everest Re Group, Ltd. (NYSE:RE) by 51.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,250 shares of the insurance provider’s stock after purchasing an additional 19,365 shares during the quarter. State of Wisconsin Investment Board owned about 0.14% of Everest Re Group worth $13,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stevens Capital Management LP purchased a new position in Everest Re Group during the 3rd quarter worth $2,789,000. State Board of Administration of Florida Retirement System increased its holdings in Everest Re Group by 2.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 60,695 shares of the insurance provider’s stock worth $13,862,000 after purchasing an additional 1,520 shares during the period. Dupont Capital Management Corp boosted its position in Everest Re Group by 12.2% during the 3rd quarter. Dupont Capital Management Corp now owns 49,385 shares of the insurance provider’s stock valued at $11,279,000 after acquiring an additional 5,357 shares in the last quarter. Andra AP fonden boosted its position in Everest Re Group by 8.7% during the 3rd quarter. Andra AP fonden now owns 66,260 shares of the insurance provider’s stock valued at $15,133,000 after acquiring an additional 5,319 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Everest Re Group by 169.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 27,010 shares of the insurance provider’s stock valued at $6,169,000 after acquiring an additional 17,000 shares in the last quarter. Institutional investors own 92.16% of the company’s stock.

Shares of Everest Re Group, Ltd. (RE) opened at $226.13 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $9,386.48, a price-to-earnings ratio of 54.42, a PEG ratio of 13.19 and a beta of 0.65. Everest Re Group, Ltd. has a 52-week low of $206.60 and a 52-week high of $277.17.

Everest Re Group (NYSE:RE) last posted its quarterly earnings data on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.62 billion. Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $6.53 EPS. research analysts expect that Everest Re Group, Ltd. will post 1.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 28th. This represents a $5.20 dividend on an annualized basis and a yield of 2.30%. This is a boost from Everest Re Group’s previous quarterly dividend of $1.25. Everest Re Group’s payout ratio is currently 78.49%.

Several analysts have issued reports on the company. Zacks Investment Research cut Everest Re Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Barclays PLC increased their target price on Everest Re Group from $299.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. UBS AG reaffirmed a “neutral” rating and set a $256.00 target price (up previously from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. BidaskClub cut Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $243.20.

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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.

Institutional Ownership by Quarter for Everest Re Group (NYSE:RE)

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