Valeo Financial Advisors LLC bought a new stake in Everest Re Group, Ltd. (NYSE:RE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 600 shares of the insurance provider’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in Everest Re Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 937 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 42 shares during the last quarter. IFP Advisors Inc boosted its position in Everest Re Group by 29.1% during the second quarter. IFP Advisors Inc now owns 657 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 148 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Everest Re Group by 2.0% during the second quarter. Wetherby Asset Management Inc. now owns 1,295 shares of the insurance provider’s stock worth $330,000 after acquiring an additional 25 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Everest Re Group by 107.9% during the second quarter. Advisors Asset Management Inc. now owns 1,522 shares of the insurance provider’s stock worth $387,000 after acquiring an additional 790 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Everest Re Group by 33.4% during the second quarter. State of Wisconsin Investment Board now owns 37,885 shares of the insurance provider’s stock worth $9,645,000 after acquiring an additional 9,490 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

A number of equities analysts recently weighed in on RE shares. ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Buckingham Research assumed coverage on shares of Everest Re Group in a research report on Monday, September 11th. They set a “neutral” rating and a $255.00 price target on the stock. UBS reduced their target price on shares of Everest Re Group from $256.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $245.00 target price on shares of Everest Re Group in a research note on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of Everest Re Group from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $250.56.

In related news, Director William F. Galtney, Jr. purchased 6,000 shares of Everest Re Group stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Shares of Everest Re Group, Ltd. (NYSE:RE) traded down $2.90 during mid-day trading on Thursday, reaching $216.92. 668,000 shares of the company’s stock were exchanged, compared to its average volume of 414,834. 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, Ltd. has a one year low of $208.81 and a one year high of $277.17. The stock has a market capitalization of $9,027.94, a P/E ratio of 52.34, a PEG ratio of 12.84 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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $6.53 earnings per share. Everest Re Group’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts anticipate that Everest Re Group, Ltd. will post 1.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This is an increase from Everest Re Group’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a yield of 2.40%. Everest Re Group’s payout ratio is 81.63%.

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Everest Re Group 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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