ETRADE Capital Management LLC acquired a new position in Everest Re Group, Ltd. (NYSE:RE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 790 shares of the insurance provider’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RE. Huntington National Bank lifted its position in shares of Everest Re Group by 1.5% during the 2nd quarter. Huntington National Bank now owns 921 shares of the insurance provider’s stock valued at $235,000 after buying an additional 14 shares in the last quarter. Torray LLC increased its holdings in Everest Re Group by 0.8% in the 2nd quarter. Torray LLC now owns 1,831 shares of the insurance provider’s stock worth $466,000 after acquiring an additional 15 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in Everest Re Group by 2.0% in the 2nd 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in Everest Re Group by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,634 shares of the insurance provider’s stock worth $1,784,000 after acquiring an additional 28 shares in the last quarter. Finally, First Merchants Corp increased its holdings in Everest Re Group by 0.4% in the 2nd quarter. First Merchants Corp now owns 8,137 shares of the insurance provider’s stock worth $2,072,000 after acquiring an additional 35 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on RE. UBS AG lowered their price target on shares of Everest Re Group from $256.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. ValuEngine lowered shares of Everest Re Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods cut shares of Everest Re Group from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $251.00 to $245.00 in a research note on Monday, July 17th. Zacks Investment Research raised shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $293.00 price objective for the company in a research note on Friday, July 7th. Finally, Buckingham Research initiated coverage on shares of Everest Re Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $255.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $247.89.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/etrade-capital-management-llc-acquires-new-position-in-everest-re-group-ltd-re/1605082.html.

Everest Re Group, Ltd. (RE) opened at 229.28 on Tuesday. Everest Re Group, Ltd. has a 1-year low of $183.04 and a 1-year high of $277.17. The firm has a 50-day moving average price of $240.65 and a 200 day moving average price of $248.06. The company has a market capitalization of $9.41 billion, a P/E ratio of 7.87 and a beta of 0.62.

Everest Re Group (NYSE:RE) last issued its quarterly earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.27. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. During the same quarter in the prior year, the business posted $3.17 earnings per share. On average, equities analysts predict that Everest Re Group, Ltd. will post $20.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, September 1st. Everest Re Group’s dividend payout ratio (DPR) is presently 17.15%.

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.

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

Receive News & Ratings for Everest Re Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Re Group Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.