Tudor Investment Corp ET AL Sells 1,704 Shares of Everest Re Group, Ltd. (NYSE:RE)

Tudor Investment Corp ET AL cut its stake in Everest Re Group, Ltd. (NYSE:RE) by 56.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,293 shares of the insurance provider’s stock after selling 1,704 shares during the period. Tudor Investment Corp ET AL’s holdings in Everest Re Group were worth $302,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Everest Re Group by 23.1% in the first quarter. Toronto Dominion Bank now owns 447 shares of the insurance provider’s stock valued at $104,000 after buying an additional 84 shares during the period. IFP Advisors Inc boosted its position in shares of Everest Re Group by 1.6% in the first quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock valued at $119,000 after buying an additional 8 shares during the period. Assetmark Inc. acquired a new position in shares of Everest Re Group during the first quarter valued at $142,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Everest Re Group during the first quarter valued at $200,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Everest Re Group during the first quarter valued at $204,000. Hedge funds and other institutional investors own 92.34% of the company’s stock.

Shares of Everest Re Group, Ltd. (NYSE RE) opened at 270.12 on Friday. The firm’s 50-day moving average is $258.38 and its 200-day moving average is $240.21. Everest Re Group, Ltd. has a 1-year low of $179.02 and a 1-year high of $270.81. The company has a market cap of $11.09 billion, a PE ratio of 10.08 and a beta of 0.63.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, April 24th. The insurance provider reported $6.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.35 by $0.94. Everest Re Group had a return on equity of 12.70% and a net margin of 18.49%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the company posted $5.19 earnings per share. On average, equities analysts forecast that Everest Re Group, Ltd. will post $20.92 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “[[title]]” was originally reported by [[site]] and is owned by of [[site]]. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at [[permalink]].

Several brokerages have recently weighed in on RE. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research note on Monday, July 17th. Morgan Stanley restated an “equal weight” rating and set a $259.00 target price (up previously from $250.00) on shares of Everest Re Group in a research note on Thursday, July 6th. Keefe, Bruyette & Woods cut shares of Everest Re Group from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $251.00 to $245.00 in a research note on Monday, July 17th. BidaskClub upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $248.71.

In other Everest Re Group news, VP John P. Doucette sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $256.03, for a total value of $256,030.00. Following the completion of the transaction, the vice president now directly owns 21,834 shares of the company’s stock, valued at $5,590,159.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

About Everest Re Group

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.

Want to see what other hedge funds are holding RE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Re Group, Ltd. (NYSE:RE).