Cozad Asset Management Inc. reduced its stake in shares of Everest Re Group Ltd (NYSE:RE) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,369 shares of the insurance provider’s stock after selling 250 shares during the quarter. Cozad Asset Management Inc.’s holdings in Everest Re Group were worth $1,605,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in RE. First Hawaiian Bank grew its holdings in Everest Re Group by 100.0% in the fourth quarter. First Hawaiian Bank now owns 4,605 shares of the insurance provider’s stock valued at $1,003,000 after purchasing an additional 2,303 shares during the period. Cerebellum GP LLC acquired a new stake in Everest Re Group in the fourth quarter valued at approximately $143,000. Diversified Trust Co grew its holdings in Everest Re Group by 17.1% in the third quarter. Diversified Trust Co now owns 1,920 shares of the insurance provider’s stock valued at $439,000 after purchasing an additional 280 shares during the period. Vanguard Group Inc grew its holdings in Everest Re Group by 1.0% in the third quarter. Vanguard Group Inc now owns 4,236,214 shares of the insurance provider’s stock valued at $967,848,000 after purchasing an additional 39,958 shares during the period. Finally, Legal & General Group Plc grew its holdings in Everest Re Group by 0.6% in the third quarter. Legal & General Group Plc now owns 249,880 shares of the insurance provider’s stock valued at $57,075,000 after purchasing an additional 1,371 shares during the period. Institutional investors own 94.65% of the company’s stock.
NYSE:RE traded up $0.83 on Monday, reaching $214.00. The company’s stock had a trading volume of 4,804 shares, compared to its average volume of 295,862. Everest Re Group Ltd has a 12-month low of $201.09 and a 12-month high of $264.88. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $8.62 billion, a P/E ratio of 23.37, a P/E/G ratio of 0.90 and a beta of 0.41.
Everest Re Group (NYSE:RE) last posted its earnings results on Monday, October 29th. The insurance provider reported $4.09 EPS for the quarter, beating the Zacks’ consensus estimate of $3.07 by $1.02. Everest Re Group had a return on equity of 11.82% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned ($16.43) earnings per share. Sell-side analysts anticipate that Everest Re Group Ltd will post 15.93 earnings per share for the current fiscal year.
Several analysts have commented on the company. Citigroup dropped their price objective on Everest Re Group from $237.00 to $232.00 and set a “hold” rating on the stock in a report on Monday, October 22nd. Wells Fargo & Co reissued a “hold” rating and issued a $235.00 price objective on shares of Everest Re Group in a report on Thursday, October 18th. Deutsche Bank dropped their price objective on Everest Re Group from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Zacks Investment Research raised Everest Re Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, ValuEngine raised Everest Re Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Everest Re Group presently has an average rating of “Hold” and an average price target of $252.89.
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Everest Re Group Company Profile
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States.
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