Pzena Investment Management LLC raised its position in Everest Re Group Ltd. (NYSE:RE) by 0.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 91,703 shares of the company’s stock after buying an additional 14 shares during the period. Pzena Investment Management LLC owned 0.22% of Everest Re Group worth $17,421,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Global X Management Co. LLC boosted its stake in Everest Re Group by 177.7% in the second quarter. Global X Management Co. LLC now owns 561 shares of the company’s stock worth $102,000 after buying an additional 359 shares during the period. Pacer Advisors Inc. boosted its stake in Everest Re Group by 5.6% in the second quarter. Pacer Advisors Inc. now owns 568 shares of the company’s stock worth $104,000 after buying an additional 30 shares during the period. Checchi Capital Advisers LLC boosted its stake in Everest Re Group by 3.5% in the second quarter. Checchi Capital Advisers LLC now owns 619 shares of the company’s stock worth $113,000 after buying an additional 21 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in Everest Re Group during the second quarter worth $128,000. Finally, Daiwa SB Investments Ltd. acquired a new stake in Everest Re Group during the third quarter worth $167,000. 90.84% of the stock is currently owned by hedge funds and other institutional investors.
Everest Re Group Ltd. (NYSE:RE) traded up 0.613% on Monday, reaching $209.175. 82,265 shares of the company’s stock traded hands. Everest Re Group Ltd. has a 52-week low of $167.07 and a 52-week high of $214.86. The firm’s 50 day moving average price is $202.63 and its 200 day moving average price is $189.02. The firm has a market capitalization of $8.55 billion, a PE ratio of 9.089 and a beta of 0.48.
Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, October 24th. The company reported $6.53 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $3.29. Everest Re Group had a return on equity of 12.50% and a net margin of 17.07%. The company earned $1.51 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $4.53 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Everest Re Group Ltd. will post $18.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 30th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, November 28th. This represents a $5.00 annualized dividend and a yield of 2.39%. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.15. Everest Re Group’s dividend payout ratio (DPR) is currently 20.01%.
A number of research firms have recently weighed in on RE. Goldman Sachs Group Inc. raised Everest Re Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $166.00 to $195.00 in a report on Tuesday, November 15th. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research note on Friday, November 18th. Finally, Barclays PLC raised their price objective on shares of Everest Re Group from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $215.20.
In other Everest Re Group news, Director John R. Dunne sold 200 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $190.03, for a total transaction of $38,006.00. Following the completion of the transaction, the director now owns 10,579 shares of the company’s stock, valued at $2,010,327.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
Everest Re Group Company Profile