Legacy Capital Partners Inc. increased its stake in shares of Everest Re Group Ltd (NYSE:RE) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,535 shares of the insurance provider’s stock after buying an additional 733 shares during the quarter. Everest Re Group comprises approximately 1.4% of Legacy Capital Partners Inc.’s holdings, making the stock its 25th largest position. Legacy Capital Partners Inc.’s holdings in Everest Re Group were worth $2,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RE. Squarepoint Ops LLC grew its stake in shares of Everest Re Group by 143.5% in the 4th quarter. Squarepoint Ops LLC now owns 18,263 shares of the insurance provider’s stock worth $3,977,000 after purchasing an additional 10,763 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Everest Re Group by 326.4% in the third quarter. JPMorgan Chase & Co. now owns 828,753 shares of the insurance provider’s stock worth $189,345,000 after purchasing an additional 634,401 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its holdings in Everest Re Group by 34.8% during the fourth quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 5,660 shares of the insurance provider’s stock worth $1,233,000 after purchasing an additional 1,460 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in Everest Re Group by 116.1% during the fourth quarter. State of Tennessee Treasury Department now owns 19,704 shares of the insurance provider’s stock worth $4,291,000 after purchasing an additional 10,585 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Everest Re Group by 16.3% during the third quarter. Neuberger Berman Group LLC now owns 6,333 shares of the insurance provider’s stock worth $1,447,000 after acquiring an additional 887 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Roger M. Singer sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $223.69, for a total transaction of $201,321.00. Following the transaction, the director now directly owns 13,432 shares in the company, valued at approximately $3,004,604.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Shares of RE traded down $3.25 during trading hours on Tuesday, reaching $214.69. 309,000 shares of the company’s stock traded hands, compared to its average volume of 274,284. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.08. Everest Re Group Ltd has a 12 month low of $201.09 and a 12 month high of $261.25. The company has a market cap of $8.80 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 0.93 and a beta of 0.33.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, February 11th. The insurance provider reported ($5.89) EPS for the quarter, missing analysts’ consensus estimates of $6.04 by ($11.93). The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Everest Re Group had a return on equity of 2.33% and a net margin of 1.40%. As a group, analysts predict that Everest Re Group Ltd will post 23.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $5.60 annualized dividend and a yield of 2.61%. Everest Re Group’s payout ratio is 120.43%.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Everest Re Group from a “sell” rating to a “hold” rating in a report on Monday, January 21st. Morgan Stanley lowered their price objective on Everest Re Group from $243.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, January 3rd. Deutsche Bank lowered Everest Re Group from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $235.00 price target on shares of Everest Re Group in a research report on Thursday, January 24th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $247.63.

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Everest Re Group Profile

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States.

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

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