Cambridge Investment Research Advisors Inc. Has $752,000 Position in Everest Re Group, Ltd. (NYSE:RE)

Cambridge Investment Research Advisors Inc. raised its holdings in Everest Re Group, Ltd. (NYSE:RE – Get Rating) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,271 shares of the insurance provider’s stock after acquiring an additional 66 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Everest Re Group were worth $752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Everest Re Group by 13.7% during the fourth quarter. IFP Advisors Inc now owns 249 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 30 shares in the last quarter. Vantage Consulting Group Inc increased its stake in Everest Re Group by 4.6% in the 3rd quarter. Vantage Consulting Group Inc now owns 771 shares of the insurance provider’s stock valued at $202,000 after buying an additional 34 shares during the last quarter. National Bank of Canada FI increased its stake in Everest Re Group by 0.9% in the 4th quarter. National Bank of Canada FI now owns 4,135 shares of the insurance provider’s stock valued at $1,370,000 after buying an additional 35 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in Everest Re Group by 2.8% in the 3rd quarter. Checchi Capital Advisers LLC now owns 1,300 shares of the insurance provider’s stock valued at $341,000 after buying an additional 36 shares during the last quarter. Finally, Toroso Investments LLC increased its stake in Everest Re Group by 1.5% in the 3rd quarter. Toroso Investments LLC now owns 2,397 shares of the insurance provider’s stock valued at $629,000 after buying an additional 36 shares during the last quarter. 92.38% of the stock is owned by institutional investors.

Everest Re Group Stock Down 4.0 %

Shares of RE opened at $361.49 on Tuesday. Everest Re Group, Ltd. has a 52 week low of $244.57 and a 52 week high of $394.99. The firm has a market cap of $14.20 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 0.28 and a beta of 0.60. The firm’s 50-day simple moving average is $365.84 and its 200 day simple moving average is $353.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33.

Everest Re Group (NYSE:RE – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The insurance provider reported $11.31 EPS for the quarter, missing analysts’ consensus estimates of $12.48 by ($1.17). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.10 billion. Everest Re Group had a net margin of 5.34% and a return on equity of 12.98%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company posted $10.31 EPS. On average, analysts forecast that Everest Re Group, Ltd. will post 44 earnings per share for the current year.

Everest Re Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Wednesday, May 31st will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Tuesday, May 30th. Everest Re Group’s dividend payout ratio is currently 39.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RE. Jefferies Financial Group lifted their price target on shares of Everest Re Group from $455.00 to $468.00 and gave the company a “buy” rating in a research note on Monday, April 10th. StockNews.com assumed coverage on shares of Everest Re Group in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Raymond James boosted their price objective on shares of Everest Re Group from $385.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, February 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Everest Re Group from $435.00 to $445.00 in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Everest Re Group currently has an average rating of “Moderate Buy” and an average price target of $410.60.

About Everest Re Group

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Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through the following segments: Reinsurance, and Insurance. The Reinsurance segment writes property and casualty reinsurance and specialty lines of business, including marine, aviation, surety, and accident and health business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S.