Cornerstone Capital Management Holdings LLC. lowered its position in shares of Everest Re Group, Ltd. (NYSE:RE) by 19.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,408 shares of the insurance provider’s stock after selling 16,131 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.17% of Everest Re Group worth $17,414,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RE. BlackRock Inc. increased its position in shares of Everest Re Group by 4,778.3% during the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock worth $914,021,000 after purchasing an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Everest Re Group by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock worth $956,473,000 after purchasing an additional 704,287 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Everest Re Group by 7,587.2% during the 2nd quarter. Janus Henderson Group PLC now owns 344,770 shares of the insurance provider’s stock worth $87,775,000 after purchasing an additional 340,285 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Everest Re Group by 28.9% during the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock worth $301,566,000 after purchasing an additional 289,351 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Everest Re Group by 190.2% during the 2nd quarter. American Century Companies Inc. now owns 281,630 shares of the insurance provider’s stock worth $71,700,000 after purchasing an additional 184,576 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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RE has been the subject of a number of recent analyst reports. Buckingham Research initiated coverage on shares of Everest Re Group in a research report on Monday, September 11th. They set a “neutral” rating and a $255.00 target price for the company. ValuEngine cut shares of Everest Re Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. UBS AG lowered their price objective on shares of Everest Re Group from $256.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $247.89.

Everest Re Group, Ltd. (NYSE:RE) traded down 0.77% during midday trading on Friday, reaching $225.01. 312,060 shares of the company’s stock traded hands. Everest Re Group, Ltd. has a 52-week low of $189.43 and a 52-week high of $277.17. The stock has a 50-day moving average of $236.17 and a 200 day moving average of $247.65. The company has a market cap of $9.24 billion, a P/E ratio of 7.72 and a beta of 0.62.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, July 24th. The insurance provider reported $5.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.24 by $0.27. The firm had revenue of $1.50 billion during 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 previous year, the firm earned $3.17 earnings per share. On average, analysts anticipate that Everest Re Group, Ltd. will post $14.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, September 1st. Everest Re Group’s payout ratio is 17.15%.

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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