US Bancorp DE raised its holdings in Everest Re Group Ltd (NYSE:RE) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,554 shares of the insurance provider’s stock after purchasing an additional 2,043 shares during the period. US Bancorp DE’s holdings in Everest Re Group were worth $2,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RE. Toronto Dominion Bank lifted its stake in shares of Everest Re Group by 12.0% during the third quarter. Toronto Dominion Bank now owns 15,579 shares of the insurance provider’s stock valued at $3,558,000 after buying an additional 1,667 shares during the period. AXA lifted its stake in shares of Everest Re Group by 165.0% during the third quarter. AXA now owns 119,964 shares of the insurance provider’s stock valued at $27,399,000 after buying an additional 74,700 shares during the period. Magnetar Financial LLC lifted its stake in shares of Everest Re Group by 15.7% during the third quarter. Magnetar Financial LLC now owns 10,539 shares of the insurance provider’s stock valued at $2,407,000 after buying an additional 1,430 shares during the period. APG Asset Management N.V. lifted 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 valued at $235,850,000 after buying an additional 313,700 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Everest Re Group by 1.4% during the third quarter. Swiss National Bank now owns 151,075 shares of the insurance provider’s stock valued at $34,504,000 after buying an additional 2,100 shares during the period. 94.06% of the stock is currently owned by institutional investors.

In related news, Director William F. Galtney, Jr. purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $225.29 per share, with a total value of $1,351,740.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Graf acquired 2,285 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was acquired at an average cost of $219.07 per share, with a total value of $500,574.95. Following the transaction, the director now directly owns 5,550 shares of the company’s stock, valued at $1,215,838.50. The disclosure for this purchase can be found here. Insiders have purchased 8,323 shares of company stock valued at $1,860,654 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the stock. TheStreet raised shares of Everest Re Group from a “c+” rating to a “b-” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Everest Re Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co reissued a “market perform” rating and set a $235.00 price objective (down previously from $240.00) on shares of Everest Re Group in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $234.00 price objective on shares of Everest Re Group in a research note on Wednesday, December 6th. Finally, UBS Group upped their price objective on shares of Everest Re Group from $230.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $252.88.

Everest Re Group Ltd (NYSE:RE) opened at $242.59 on Thursday. Everest Re Group Ltd has a 52-week low of $208.81 and a 52-week high of $277.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.31. The company has a market cap of $9,779.40, a P/E ratio of 21.78, a P/E/G ratio of 1.12 and a beta of 0.59.

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

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

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