Oppenheimer Asset Management Inc. acquired a new stake in shares of Everest Re Group Ltd (NYSE:RE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the insurance provider’s stock, valued at approximately $228,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Torray LLC lifted its position in Everest Re Group by 0.8% during the second quarter. Torray LLC now owns 1,831 shares of the insurance provider’s stock valued at $466,000 after purchasing an additional 15 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Everest Re Group by 4.7% in the 2nd 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. Synovus Financial Corp lifted its holdings in shares of Everest Re Group by 2.3% in the 2nd quarter. Synovus Financial Corp now owns 3,007 shares of the insurance provider’s stock worth $767,000 after acquiring an additional 67 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Everest Re Group by 8.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 958 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 71 shares during the last quarter. Finally, HPM Partners LLC lifted its holdings in shares of Everest Re Group by 1.3% in the 2nd quarter. HPM Partners LLC now owns 9,711 shares of the insurance provider’s stock worth $2,472,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Shares of Everest Re Group Ltd (RE) opened at $219.22 on Tuesday. Everest Re Group Ltd has a twelve month low of $208.81 and a twelve month high of $277.17. The firm has a market cap of $8,980.00, a PE ratio of 52.88, a P/E/G ratio of 12.97 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.

Everest Re Group (NYSE:RE) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($20.11). Everest Re Group had a negative net margin of 37.02% and a negative return on equity of 30.98%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $6.53 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. equities analysts forecast that Everest Re Group Ltd will post 1.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were issued a dividend of $1.30 per share. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $5.20 dividend on an annualized basis and a yield of 2.37%. Everest Re Group’s dividend payout ratio (DPR) is presently 79.15%.

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $234.00 target price on shares of Everest Re Group in a report on Wednesday, December 6th. Zacks Investment Research upgraded shares of Everest Re Group from a “sell” rating to a “hold” rating in a report on Friday, November 10th. UBS raised their target price on shares of Everest Re Group from $230.00 to $245.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Wells Fargo & Company set a $240.00 target price on shares of Everest Re Group and gave the stock a “hold” rating in a report on Monday, October 30th. Finally, Barclays lowered their target price on shares of Everest Re Group from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Everest Re Group presently has an average rating of “Hold” and an average target price of $250.56.

In related news, Director William F. Galtney, Jr. acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $225.29 per share, for a total transaction of $1,351,740.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

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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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