Raymond James Trust N.A. increased its stake in Everest Re Group Ltd (NYSE:RE) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 18,121 shares of the insurance provider’s stock after buying an additional 454 shares during the period. Raymond James Trust N.A.’s holdings in Everest Re Group were worth $4,009,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Coldstream Capital Management Inc. boosted its position in shares of Everest Re Group by 8.0% in the second quarter. Coldstream Capital Management Inc. now owns 958 shares of the insurance provider’s stock worth $244,000 after buying an additional 71 shares during the period. Candriam Luxembourg S.C.A. boosted its position in Everest Re Group by 3.0% during the third quarter. Candriam Luxembourg S.C.A. now owns 8,688 shares of the insurance provider’s stock valued at $1,984,000 after purchasing an additional 256 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Everest Re Group by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 7,877 shares of the insurance provider’s stock valued at $1,743,000 after purchasing an additional 259 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Everest Re Group by 9.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,340 shares of the insurance provider’s stock valued at $763,000 after purchasing an additional 289 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Everest Re Group by 28.2% in the fourth quarter. IFM Investors Pty Ltd now owns 1,362 shares of the insurance provider’s stock worth $301,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.
In other news, Director John A. Graf acquired 2,285 shares of Everest Re Group stock in a transaction on Monday, January 8th. The shares were purchased at an average price of $219.07 per share, with a total value of $500,574.95. Following the acquisition, the director now owns 5,550 shares in the company, valued at $1,215,838.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William F. Galtney, Jr. acquired 6,000 shares of Everest Re Group stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $225.29 per share, for a total transaction of $1,351,740.00. The disclosure for this purchase can be found here. Insiders have acquired 8,323 shares of company stock worth $1,860,654 over the last ninety days. Company insiders own 1.30% of the company’s stock.
Shares of Everest Re Group Ltd (RE) opened at $229.61 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $9,430.01, a P/E ratio of 54.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.59. Everest Re Group Ltd has a 1-year low of $208.81 and a 1-year high of $277.17.
A number of analysts have weighed in on the company. TheStreet raised Everest Re Group from a “c+” rating to a “b-” rating in a research report on Monday, January 22nd. Zacks Investment Research lowered Everest Re Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods restated a “sell” rating and set a $230.00 price target on shares of Everest Re Group in a research note on Friday, October 13th. UBS Group boosted their price target on Everest Re Group from $230.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, Wells Fargo & Co set a $240.00 price target on Everest Re Group and gave the company a “hold” rating in a research note on Monday, October 30th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $252.88.
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Everest Re Group Company 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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