Everest Re Group Ltd (RE) Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. raised its stake in Everest Re Group Ltd (NYSE:RE) by 218.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 54,006 shares of the insurance provider’s stock after purchasing an additional 37,028 shares during the period. Shell Asset Management Co. owned 0.13% of Everest Re Group worth $8,750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Fund Management S.A. bought a new stake in shares of Everest Re Group during the 2nd quarter valued at about $7,256,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Everest Re Group during the 2nd quarter valued at about $1,451,000. Swiss National Bank grew its position in shares of Everest Re Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 148,975 shares of the insurance provider’s stock valued at $37,928,000 after buying an additional 4,200 shares during the last quarter. Aberdeen Asset Management PLC UK grew its position in shares of Everest Re Group by 144.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 101,717 shares of the insurance provider’s stock valued at $25,897,000 after buying an additional 60,058 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Everest Re Group by 32.1% during the 2nd quarter. Stifel Financial Corp now owns 10,755 shares of the insurance provider’s stock valued at $2,740,000 after buying an additional 2,611 shares during the last quarter. 92.25% of the stock is owned by institutional investors.

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Everest Re Group Ltd (NYSE:RE) traded down 0.24% on Friday, reaching $236.67. 402,268 shares of the company’s stock were exchanged. Everest Re Group Ltd has a 12 month low of $192.75 and a 12 month high of $277.17. The firm has a 50-day moving average of $228.87 and a 200-day moving average of $247.55. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 8.12 and a beta of 0.62.

Everest Re Group (NYSE:RE) last announced its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.27. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Everest Re Group had a net margin of 16.02% and a return on equity of 11.52%. During the same quarter in the prior year, the company posted $3.17 EPS. On average, equities analysts expect that Everest Re Group Ltd will post $1.54 earnings per share for the current year.

RE has been the subject of a number of recent research reports. UBS AG lowered their price objective on shares of Everest Re Group from $256.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. ValuEngine downgraded shares of Everest Re Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. Keefe, Bruyette & Woods downgraded shares of Everest Re Group from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $251.00 to $245.00 in a research report on Monday, July 17th. Zacks Investment Research raised shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $293.00 price objective for the company in a research report on Friday, July 7th. Finally, Buckingham Research initiated coverage on shares of Everest Re Group in a research report on Monday, September 11th. They set a “neutral” rating and a $255.00 price objective for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $243.44.

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.

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

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