Everest Re Group, Ltd. (NYSE:RE) Shares Sold by Brinker Capital Investments LLC

Brinker Capital Investments LLC decreased its position in shares of Everest Re Group, Ltd. (NYSE:REGet Rating) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,014 shares of the insurance provider’s stock after selling 38 shares during the quarter. Brinker Capital Investments LLC’s holdings in Everest Re Group were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new position in shares of Everest Re Group in the third quarter valued at approximately $7,778,000. Park Avenue Securities LLC acquired a new position in shares of Everest Re Group in the third quarter valued at approximately $415,000. Assetmark Inc. increased its holdings in shares of Everest Re Group by 22.0% in the third quarter. Assetmark Inc. now owns 5,933 shares of the insurance provider’s stock valued at $1,557,000 after purchasing an additional 1,071 shares during the period. Lowe Brockenbrough & Co. Inc. increased its holdings in shares of Everest Re Group by 13.1% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 5,347 shares of the insurance provider’s stock valued at $1,403,000 after purchasing an additional 618 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Everest Re Group by 15.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,686 shares of the insurance provider’s stock valued at $6,479,000 after purchasing an additional 3,280 shares during the period. Institutional investors and hedge funds own 92.38% of the company’s stock.

Everest Re Group Stock Down 1.8 %

RE opened at $338.32 on Monday. The business’s fifty day moving average is $334.22 and its two-hundred day moving average is $297.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 0.67 and a beta of 0.60. Everest Re Group, Ltd. has a one year low of $244.57 and a one year high of $361.67.

Everest Re Group (NYSE:REGet Rating) last posted its earnings results on Wednesday, October 26th. The insurance provider reported ($5.28) EPS for the quarter, topping analysts’ consensus estimates of ($5.89) by $0.61. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.27 billion. Everest Re Group had a return on equity of 10.46% and a net margin of 4.47%. Analysts anticipate that Everest Re Group, Ltd. will post 24.16 EPS for the current fiscal year.

Everest Re Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Wednesday, November 23rd were given a dividend of $1.65 per share. The ex-dividend date was Tuesday, November 22nd. This represents a $6.60 dividend on an annualized basis and a yield of 1.95%. Everest Re Group’s payout ratio is 49.29%.

Insiders Place Their Bets

In other Everest Re Group news, Director John A. Weber sold 2,333 shares of the business’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $320.10, for a total transaction of $746,793.30. Following the sale, the director now directly owns 4,076 shares in the company, valued at $1,304,727.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John A. Weber sold 2,391 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $323.00, for a total value of $772,293.00. Following the sale, the director now directly owns 7,744 shares in the company, valued at $2,501,312. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Weber sold 2,333 shares of the company’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $320.10, for a total value of $746,793.30. Following the completion of the sale, the director now owns 4,076 shares in the company, valued at $1,304,727.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,759 shares of company stock worth $2,171,162. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RE. BMO Capital Markets assumed coverage on Everest Re Group in a report on Thursday. They issued a “market perform” rating and a $380.00 target price on the stock. StockNews.com downgraded Everest Re Group from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Wells Fargo & Company lifted their price target on Everest Re Group from $365.00 to $408.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. Finally, Morgan Stanley lifted their price target on Everest Re Group from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, November 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.25.

Everest Re Group Profile

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Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.

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

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