CENTRAL TRUST Co lifted its position in shares of Everest Re Group, Ltd. (NYSE:RE – Get Rating) by 18.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 598 shares of the insurance provider’s stock after purchasing an additional 93 shares during the period. CENTRAL TRUST Co’s holdings in Everest Re Group were worth $180,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Everest Re Group by 18.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 236 shares of the insurance provider’s stock worth $64,000 after purchasing an additional 37 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Everest Re Group by 53.1% during the fourth quarter. Fifth Third Bancorp now owns 349 shares of the insurance provider’s stock worth $96,000 after purchasing an additional 121 shares in the last quarter. First Horizon Advisors Inc. increased its position in Everest Re Group by 340.7% in the 4th quarter. First Horizon Advisors Inc. now owns 357 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 276 shares during the period. US Asset Management LLC acquired a new position in Everest Re Group in the 1st quarter valued at about $119,000. Finally, Quent Capital LLC acquired a new position in Everest Re Group in the 4th quarter valued at about $139,000. Institutional investors and hedge funds own 75.12% of the company’s stock.
Wall Street Analyst Weigh In
RE has been the topic of several recent research reports. Jefferies Financial Group boosted their price target on Everest Re Group from $343.00 to $344.00 and gave the company a “buy” rating in a research report on Tuesday, July 12th. StockNews.com upgraded Everest Re Group from a “hold” rating to a “buy” rating in a research report on Saturday.
Everest Re Group Price Performance
Everest Re Group (NYSE:RE – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The insurance provider reported $10.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.32 by $1.99. Everest Re Group had a return on equity of 12.97% and a net margin of 11.11%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company earned $6.49 EPS. Research analysts anticipate that Everest Re Group, Ltd. will post 32.62 earnings per share for the current year.
Everest Re Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Wednesday, May 25th were issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Tuesday, May 24th. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.55. Everest Re Group’s payout ratio is currently 19.66%.
Everest Re Group Company Profile
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.
- Get a free copy of the StockNews.com research report on Everest Re Group (RE)
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