Rhumbline Advisers trimmed its holdings in shares of Everest Re Group Ltd (NYSE:RE) by 1.5% in the second quarter, Holdings Channel reports. The institutional investor owned 89,376 shares of the insurance provider’s stock after selling 1,382 shares during the period. Rhumbline Advisers’ holdings in Everest Re Group were worth $20,599,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Everest Re Group during the 2nd quarter worth about $109,000. Robecosam AG acquired a new stake in Everest Re Group in the 1st quarter valued at about $131,000. Acadian Asset Management LLC lifted its stake in Everest Re Group by 299.3% in the 2nd quarter. Acadian Asset Management LLC now owns 575 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 431 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Everest Re Group in the 1st quarter valued at about $138,000. Finally, Signaturefd LLC acquired a new stake in Everest Re Group in the 1st quarter valued at about $177,000. Institutional investors own 91.59% of the company’s stock.

Shares of NYSE:RE opened at $218.40 on Friday. Everest Re Group Ltd has a 52-week low of $208.81 and a 52-week high of $265.73. The stock has a market capitalization of $8.79 billion, a P/E ratio of 24.00, a PEG ratio of 1.24 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.35.

Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, July 30th. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.03). The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.72 billion. Everest Re Group had a return on equity of 1.80% and a net margin of 2.93%. During the same quarter last year, the business earned $5.51 earnings per share. sell-side analysts expect that Everest Re Group Ltd will post 17.32 EPS for the current year.

RE has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of Everest Re Group in a research note on Monday, June 18th. They issued a “buy” rating and a $280.00 target price for the company. Wells Fargo & Co set a $240.00 target price on shares of Everest Re Group and gave the company a “hold” rating in a research note on Wednesday, April 25th. Morgan Stanley cut their target price on shares of Everest Re Group from $258.00 to $243.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 14th. ValuEngine upgraded shares of Everest Re Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $263.00 target price for the company in a research note on Tuesday, July 17th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Everest Re Group presently has a consensus rating of “Hold” and a consensus target price of $255.00.

In other Everest Re Group news, CEO John P. Doucette sold 900 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $215.32, for a total transaction of $193,788.00. Following the completion of the sale, the chief executive officer now directly owns 22,620 shares in the company, valued at $4,870,538.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

About Everest Re Group

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. 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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