Everest Re Group, Ltd. (NYSE:RE) Holdings Lifted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in Everest Re Group, Ltd. (NYSE:RE) by 24.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,335 shares of the insurance provider’s stock after acquiring an additional 2,000 shares during the period. Oppenheimer & Co. Inc.’s holdings in Everest Re Group were worth $2,361,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Everest Re Group by 23.1% in the second quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock valued at $956,473,000 after buying an additional 704,287 shares during the last quarter. State Street Corp increased its position in Everest Re Group by 26.4% during the second quarter. State Street Corp now owns 2,157,326 shares of the insurance provider’s stock worth $549,219,000 after purchasing an additional 450,606 shares during the last quarter. APG Asset Management N.V. increased its position in Everest Re Group by 43.6% during the third quarter. APG Asset Management N.V. now owns 1,032,662 shares of the insurance provider’s stock worth $235,850,000 after purchasing an additional 313,700 shares during the last quarter. Northern Trust Corp increased its position in Everest Re Group by 5.4% during the second quarter. Northern Trust Corp now owns 676,890 shares of the insurance provider’s stock worth $172,330,000 after purchasing an additional 34,827 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Everest Re Group by 4.6% during the second quarter. Wells Fargo & Company MN now owns 660,875 shares of the insurance provider’s stock worth $168,252,000 after purchasing an additional 29,268 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

In other Everest Re Group news, Director William F. Galtney, Jr. acquired 6,000 shares of Everest Re Group stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $225.29 per share, for a total transaction of $1,351,740.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on RE shares. UBS dropped 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 note on Thursday, September 7th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $230.00 target price on shares of Everest Re Group in a research note on Friday, October 13th. Buckingham Research began coverage on shares of Everest Re Group in a research note on Monday, September 11th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of Everest Re Group from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $248.56.

Everest Re Group, Ltd. (NYSE:RE) traded down $1.41 during mid-day trading on Wednesday, hitting $212.15. 529,100 shares of the company were exchanged, compared to its average volume of 408,584. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.33. Everest Re Group, Ltd. has a 1-year low of $208.06 and a 1-year high of $277.17. The firm has a market cap of $8,770.84, a PE ratio of 50.85, a PEG ratio of 12.47 and a beta of 0.61.

Everest Re Group (NYSE:RE) last released its quarterly earnings data on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.62 billion. Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $6.53 EPS. analysts expect that Everest Re Group, Ltd. will post 1.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $1.30 per share. This is a boost from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date is Tuesday, November 28th. This represents a $5.20 annualized dividend and a yield of 2.45%. Everest Re Group’s dividend payout ratio (DPR) is presently 81.63%.

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Everest Re Group 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.

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

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