Strs Ohio Invests $542,000 in Everest Re Group Ltd (RE) Stock

Strs Ohio bought a new stake in Everest Re Group Ltd (NYSE:RE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,375 shares of the insurance provider’s stock, valued at approximately $542,000.

A number of other large investors have also bought and sold shares of RE. Piedmont Investment Advisors LLC purchased a new stake in Everest Re Group in the second quarter valued at $109,000. Acadian Asset Management LLC raised its position 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 valued at $132,000 after purchasing an additional 431 shares during the period. Daiwa SB Investments Ltd. raised its position 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 valued at $198,000 after purchasing an additional 240 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Everest Re Group in the second quarter valued at $207,000. Finally, Signition LP purchased a new stake in Everest Re Group in the second quarter valued at $231,000. Institutional investors own 94.82% of the company’s stock.

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

A number of brokerages have recently weighed in on RE. Credit Suisse Group lifted their price objective on Everest Re Group from $239.00 to $257.00 and gave the company a “hold” rating in a research note on Thursday, November 1st. TheStreet raised Everest Re Group from a “c+” rating to a “b” rating in a research note on Monday, October 29th. ValuEngine raised Everest Re Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Wells Fargo & Co reaffirmed a “hold” rating and issued a $235.00 price objective on shares of Everest Re Group in a research note on Monday, October 29th. Finally, Zacks Investment Research cut Everest Re Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $255.00.

Shares of NYSE RE opened at $221.22 on Friday. Everest Re Group Ltd has a twelve month low of $203.90 and a twelve month high of $264.88. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $9.15 billion, a PE ratio of 9.38, a PEG ratio of 1.35 and a beta of 0.43.

Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, October 29th. The insurance provider reported $4.09 earnings per share 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 business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted ($16.43) earnings per share. As a group, research analysts anticipate that Everest Re Group Ltd will post 16.61 EPS for the current year.

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

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