Mackenzie Financial Corp cut its stake in shares of Everest Re Group, Ltd. (NYSE:RE) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,452 shares of the insurance provider’s stock after selling 1,440 shares during the quarter. Mackenzie Financial Corp owned 0.15% of Everest Re Group worth $14,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Everest Re Group by 23.1% during the second quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock worth $956,473,000 after acquiring an additional 704,287 shares in the last quarter. State Street Corp raised its stake in shares of Everest Re Group by 26.4% during the second quarter. State Street Corp now owns 2,157,326 shares of the insurance provider’s stock worth $549,219,000 after acquiring an additional 450,606 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Everest Re Group by 43.6% during the third quarter. APG Asset Management N.V. now owns 1,032,662 shares of the insurance provider’s stock worth $235,850,000 after acquiring an additional 313,700 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Everest Re Group by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 714,377 shares of the insurance provider’s stock worth $159,219,000 after acquiring an additional 128,867 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Everest Re Group by 5.4% during the second quarter. Northern Trust Corp now owns 676,890 shares of the insurance provider’s stock worth $172,330,000 after acquiring an additional 34,827 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Shares of Everest Re Group, Ltd. (NYSE RE) traded down $0.70 during midday trading on Friday, hitting $210.36. 597,700 shares of the company traded hands, compared to its average volume of 410,308. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. Everest Re Group, Ltd. has a 12 month low of $209.22 and a 12 month high of $277.17. The stock has a market capitalization of $8,668.17, a P/E ratio of 50.25, a price-to-earnings-growth ratio of 12.32 and a beta of 0.61.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, October 30th. The insurance provider reported ($16.43) EPS for the quarter, missing the 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm earned $6.53 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. equities analysts predict that Everest Re Group, Ltd. will post 1.71 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.47%. This is an increase from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date is Tuesday, November 28th. Everest Re Group’s payout ratio is presently 81.63%.

RE has been the topic of several research reports. ValuEngine downgraded shares of Everest Re Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Wells Fargo & Company set a $240.00 price target on shares of Everest Re Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Everest Re Group from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $234.00 target price on shares of Everest Re Group in a research note on Wednesday. Finally, UBS decreased their target price on shares of Everest Re Group from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $250.56.

In other news, Director William F. Galtney, Jr. bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $225.29 per share, with a total value of $1,351,740.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

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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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