New Mexico Educational Retirement Board acquired a new position in Everest Re Group, Ltd. (NYSE:RE) during the second quarter, Holdings Channel reports. The firm acquired 3,800 shares of the insurance provider’s stock, valued at approximately $997,000.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank raised its position in Everest Re Group by 23.1% in the first quarter. Toronto Dominion Bank now owns 447 shares of the insurance provider’s stock worth $104,000 after buying an additional 84 shares in the last quarter. IFP Advisors Inc raised its position in Everest Re Group by 1.6% in the first quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock worth $119,000 after buying an additional 8 shares in the last quarter. Assetmark Inc. acquired a new position in Everest Re Group during the first quarter worth approximately $142,000. Eagle Global Advisors LLC acquired a new position in Everest Re Group during the second quarter worth approximately $218,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Everest Re Group during the first quarter worth approximately $200,000. 91.63% of the stock is currently owned by institutional investors.

Shares of Everest Re Group, Ltd. (NYSE RE) opened at 268.94 on Tuesday. Everest Re Group, Ltd. has a 52-week low of $183.04 and a 52-week high of $277.17. The stock’s 50 day moving average price is $263.62 and its 200-day moving average price is $245.95. The company has a market cap of $11.04 billion, a P/E ratio of 9.23 and a beta of 0.63.

Everest Re Group (NYSE:RE) last released its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.24 by $0.27. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $3.17 EPS. Equities analysts expect that Everest Re Group, Ltd. will post $21.48 EPS for the current year.

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RE has been the subject of a number of recent research reports. UBS AG restated a “neutral” rating and set a $256.00 target price (up previously from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Barclays PLC boosted their target price on Everest Re Group from $299.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research upgraded Everest Re Group from a “hold” rating to a “buy” rating and set a $294.00 target price for the company in a research report on Tuesday, August 1st. Wells Fargo & Company restated a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Finally, BidaskClub downgraded Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $250.25.

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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