DekaBank Deutsche Girozentrale Has $3.69 Million Stock Holdings in Everest Re Group, Ltd. (NYSE:RE)

DekaBank Deutsche Girozentrale increased its position in shares of Everest Re Group, Ltd. (NYSE:RE – Get Rating) by 37.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,942 shares of the insurance provider’s stock after purchasing an additional 3,780 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Everest Re Group were worth $3,686,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RE. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Everest Re Group during the 2nd quarter worth about $108,425,000. Victory Capital Management Inc. increased its position in shares of Everest Re Group by 30.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,188,259 shares of the insurance provider’s stock worth $311,847,000 after purchasing an additional 276,457 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Everest Re Group by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,629,441 shares of the insurance provider’s stock worth $1,395,221,000 after purchasing an additional 237,698 shares in the last quarter. State Street Corp increased its position in Everest Re Group by 4.4% in the 1st quarter. State Street Corp now owns 2,049,747 shares of the insurance provider’s stock valued at $617,753,000 after acquiring an additional 86,154 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Everest Re Group by 162.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 112,179 shares of the insurance provider’s stock valued at $31,442,000 after acquiring an additional 69,362 shares in the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

Insider Buying and Selling

In related news, VP Sanjoy Mukherjee sold 700 shares of Everest Re Group stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $317.38, for a total transaction of $222,166.00. Following the transaction, the vice president now owns 42,393 shares of the company’s stock, valued at approximately $13,454,690.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director John A. Weber sold 1,335 shares of Everest Re Group stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $322.03, for a total transaction of $429,910.05. Following the transaction, the director now owns 6,409 shares of the company’s stock, valued at approximately $2,063,890.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sanjoy Mukherjee sold 700 shares of Everest Re Group stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $317.38, for a total transaction of $222,166.00. Following the transaction, the vice president now directly owns 42,393 shares in the company, valued at approximately $13,454,690.34. The disclosure for this sale can be found here. Insiders have sold 6,759 shares of company stock valued at $2,171,162 in the last 90 days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RE shares. StockNews.com cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Wells Fargo & Company raised their price objective on shares of Everest Re Group from $365.00 to $408.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. BMO Capital Markets started coverage on shares of Everest Re Group in a research report on Thursday. They issued a “market perform” rating and a $380.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Everest Re Group from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.25.

Everest Re Group Stock Down 1.8 %

Shares of NYSE RE opened at $338.32 on Monday. The firm has a market capitalization of $13.25 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 0.67 and a beta of 0.60. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.40. Everest Re Group, Ltd. has a 1 year low of $244.57 and a 1 year high of $361.67. The firm’s 50-day moving average is $334.22 and its 200-day moving average is $297.42.

Everest Re Group (NYSE:RE – Get Rating) last issued its earnings results on Wednesday, October 26th. The insurance provider reported ($5.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.89) by $0.61. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.27 billion. Everest Re Group had a net margin of 4.47% and a return on equity of 10.46%. Equities analysts expect that Everest Re Group, Ltd. will post 24.16 EPS for the current year.

Everest Re Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Wednesday, November 23rd were paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, November 22nd. Everest Re Group’s dividend payout ratio (DPR) is presently 49.29%.

About Everest Re Group

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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.