Capital One National Association lowered its position in Everest Re Group Ltd (NYSE:RE) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,401 shares of the insurance provider’s stock after selling 394 shares during the quarter. Capital One National Association’s holdings in Everest Re Group were worth $531,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC bought a new stake in shares of Everest Re Group in the 3rd quarter worth approximately $137,000. Cerebellum GP LLC bought a new stake in shares of Everest Re Group in the 4th quarter worth approximately $133,000. Diversified Trust Co bought a new stake in shares of Everest Re Group in the 4th quarter worth approximately $201,000. Harbor Advisors LLC bought a new stake in shares of Everest Re Group in the 3rd quarter worth approximately $228,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Everest Re Group in the 3rd quarter worth approximately $228,000. Institutional investors own 94.06% of the company’s stock.

In other Everest Re Group news, Director John A. Graf purchased 2,285 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average cost of $219.07 per share, with a total value of $500,574.95. Following the acquisition, the director now directly owns 5,550 shares of the company’s stock, valued at approximately $1,215,838.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William F. Galtney, Jr. purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of $225.29 per share, with a total value of $1,351,740.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,323 shares of company stock valued at $1,860,654 over the last ninety days. Insiders own 1.30% of the company’s stock.

Several equities analysts recently commented on RE shares. Zacks Investment Research downgraded Everest Re Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet downgraded Everest Re Group from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Keefe, Bruyette & Woods restated a “sell” rating and set a $216.00 target price on shares of Everest Re Group in a research report on Friday, November 3rd. Wells Fargo & Co set a $240.00 target price on Everest Re Group and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, UBS Group raised their target price on Everest Re Group from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $252.88.

Everest Re Group Ltd (NYSE:RE) opened at $242.59 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $9,726.32, a P/E ratio of 26.91, a P/E/G ratio of 1.11 and a beta of 0.59. Everest Re Group Ltd has a 52-week low of $208.81 and a 52-week high of $277.17.

Everest Re Group (NYSE:RE) last posted its earnings results on Monday, February 5th. The insurance provider reported $13.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.04 by $7.44. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.52 billion. Everest Re Group had a return on equity of 4.51% and a net margin of 7.10%. Everest Re Group’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $9.08 EPS. analysts forecast that Everest Re Group Ltd will post 21.45 earnings per share for the current fiscal year.

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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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