Everest Re Group Ltd (RE) Holdings Lifted by Alps Advisors Inc.

Alps Advisors Inc. grew its position in Everest Re Group Ltd (NYSE:RE) by 32.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,183 shares of the insurance provider’s stock after purchasing an additional 2,484 shares during the quarter. Alps Advisors Inc.’s holdings in Everest Re Group were worth $2,327,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in Everest Re Group in the second quarter worth about $109,000. Truvestments Capital LLC purchased a new position in Everest Re Group in the third quarter worth about $109,000. Acadian Asset Management LLC raised its holdings in Everest Re Group by 299.3% in the second quarter. Acadian Asset Management LLC now owns 575 shares of the insurance provider’s stock worth $132,000 after buying an additional 431 shares during the last quarter. Daiwa SB Investments Ltd. raised its holdings in Everest Re Group by 38.7% in the second quarter. Daiwa SB Investments Ltd. now owns 860 shares of the insurance provider’s stock worth $198,000 after buying an additional 240 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in Everest Re Group in the second quarter worth about $207,000. 92.80% of the stock is owned by institutional investors and hedge funds.

RE opened at $205.03 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.35. Everest Re Group Ltd has a twelve month low of $203.90 and a twelve month high of $264.88. The company has a market cap of $8.38 billion, a PE ratio of 60.84, a P/E/G ratio of 1.24 and a beta of 0.42.



Everest Re Group (NYSE:RE) last released its quarterly earnings data on Monday, July 30th. The insurance provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.03). Everest Re Group had a net margin of 2.93% and a return on equity of 1.80%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm earned $5.51 earnings per share. As a group, research analysts predict that Everest Re Group Ltd will post 17.06 EPS for the current fiscal year.

RE has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Everest Re Group from $258.00 to $243.00 and set an “equal weight” rating for the company in a report on Tuesday, August 14th. Zacks Investment Research cut shares of Everest Re Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. ValuEngine raised shares of Everest Re Group from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $240.00 target price on shares of Everest Re Group in a report on Wednesday, August 1st. Finally, Wells Fargo & Co reissued a “hold” rating and set a $235.00 price objective on shares of Everest Re Group in a report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $251.89.

In related news, CEO John P. Doucette sold 900 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $215.32, for a total transaction of $193,788.00. Following the completion of the sale, the chief executive officer now directly owns 22,620 shares in the company, valued at $4,870,538.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

About Everest Re Group

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

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