Deutsche Bank AG boosted its stake in shares of Everest Re Group Ltd (NYSE:RE) by 22.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 123,357 shares of the insurance provider’s stock after purchasing an additional 22,630 shares during the quarter. Deutsche Bank AG’s holdings in Everest Re Group were worth $27,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RE. Toronto Dominion Bank boosted its stake in Everest Re Group by 12.0% during the third quarter. Toronto Dominion Bank now owns 15,579 shares of the insurance provider’s stock worth $3,558,000 after buying an additional 1,667 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Everest Re Group by 8.2% in the 3rd quarter. Rhumbline Advisers now owns 96,585 shares of the insurance provider’s stock valued at $22,059,000 after purchasing an additional 7,358 shares during the last quarter. Comerica Bank lifted its stake in shares of Everest Re Group by 58.8% in the 3rd quarter. Comerica Bank now owns 18,040 shares of the insurance provider’s stock valued at $4,314,000 after purchasing an additional 6,680 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Everest Re Group by 37.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,752 shares of the insurance provider’s stock valued at $3,141,000 after purchasing an additional 3,770 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Everest Re Group by 29.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,972 shares of the insurance provider’s stock valued at $450,000 after purchasing an additional 450 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors.

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Shares of Everest Re Group Ltd (NYSE:RE) opened at $262.67 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $10,675.51, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.20 and a beta of 0.52. Everest Re Group Ltd has a 1-year low of $208.81 and a 1-year high of $277.17.

Everest Re Group (NYSE:RE) last posted its quarterly earnings data on Monday, February 5th. The insurance provider reported $13.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $6.04 by $7.44. The firm had revenue of $1.87 billion for 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%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.08 EPS. research analysts forecast that Everest Re Group Ltd will post 21.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $5.20 annualized dividend and a dividend yield of 1.98%. Everest Re Group’s dividend payout ratio is presently 46.68%.

Several equities analysts have recently commented on RE shares. TheStreet raised Everest Re Group from a “c+” rating to a “b-” rating in a research note on Monday, January 22nd. Barclays reaffirmed a “buy” rating and issued a $290.00 price target (up previously from $279.00) on shares of Everest Re Group in a research note on Sunday, February 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $258.00 price target (up previously from $247.00) on shares of Everest Re Group in a research note on Thursday, March 1st. Zacks Investment Research lowered Everest Re Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $234.00 price target on shares of Everest Re Group in a research note on Wednesday, December 6th. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $260.13.

In related news, VP John P. Doucette sold 300 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.84, for a total value of $72,852.00. Following the sale, the vice president now owns 21,434 shares in the company, valued at approximately $5,205,032.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Graf acquired 2,285 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of $219.07 per share, for a total transaction of $500,574.95. Following the acquisition, the director now directly owns 5,550 shares in the company, valued at approximately $1,215,838.50. The disclosure for this purchase can be found here. 1.30% of the stock is currently 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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