Dimensional Fund Advisors LP boosted its stake in shares of Everest Re Group, Ltd. (NYSE:RE) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 570,588 shares of the insurance provider’s stock after buying an additional 574 shares during the period. Dimensional Fund Advisors LP owned about 1.39% of Everest Re Group worth $130,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Barings LLC raised its holdings in Everest Re Group by 309.4% during the 3rd quarter. Barings LLC now owns 9,540 shares of the insurance provider’s stock worth $2,179,000 after buying an additional 7,210 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Everest Re Group by 0.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 154,379 shares of the insurance provider’s stock worth $35,259,000 after buying an additional 914 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Everest Re Group during the 3rd quarter worth about $434,000. Twin Capital Management Inc. raised its holdings in Everest Re Group by 19.7% during the 3rd quarter. Twin Capital Management Inc. now owns 40,560 shares of the insurance provider’s stock worth $9,263,000 after buying an additional 6,680 shares during the period. Finally, Cadence Capital Management LLC raised its holdings in Everest Re Group by 127.8% during the 3rd quarter. Cadence Capital Management LLC now owns 6,248 shares of the insurance provider’s stock worth $1,427,000 after buying an additional 3,505 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Several research firms have weighed in on RE. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $234.00 target price on shares of Everest Re Group in a research note on Wednesday, December 6th. Zacks Investment Research raised Everest Re Group from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. UBS lifted their target price on Everest Re Group from $230.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Wells Fargo & Company set a $240.00 target price on Everest Re Group and gave the company a “hold” rating in a research note on Monday, October 30th. Finally, Barclays lowered their target price on Everest Re Group from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Everest Re Group presently has an average rating of “Hold” and an average target price of $250.56.

Shares of Everest Re Group, Ltd. (RE) opened at $222.11 on Friday. The company has a market capitalization of $9,122.06, a P/E ratio of 52.88, a P/E/G ratio of 12.97 and a beta of 0.61. Everest Re Group, Ltd. has a 12 month low of $208.81 and a 12 month high of $277.17. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.08.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported ($16.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.68 by ($20.11). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. Everest Re Group had a net margin of 4.27% and a return on equity of 2.22%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.53 EPS. research analysts expect that Everest Re Group, Ltd. will post 1.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were paid a $1.30 dividend. This is a boost from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, November 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.34%. Everest Re Group’s payout ratio is presently 81.63%.

In other news, Director William F. Galtney, Jr. purchased 6,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $225.29 per share, with a total value of $1,351,740.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

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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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