Denali Advisors buys $16,760,882 stake in Everest Re Group Ltd (RE)

Everest Re Group Ltd (RE) : Denali Advisors scooped up 21,200 additional shares in Everest Re Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 94,300 shares of Everest Re Group Ltd which is valued at $16,760,882.Everest Re Group Ltd makes up approximately 2.81% of Denali Advisors’s portfolio.

Other Hedge Funds, Including , Breton Hill Capital Ltd. boosted its stake in RE in the latest quarter, The investment management firm added 1,021 additional shares and now holds a total of 3,586 shares of Everest Re Group Ltd which is valued at $650,070. Everest Re Group Ltd makes up approx 0.20% of Breton Hill Capital Ltd.’s portfolio. North Star Investment Management Corp. sold out all of its stake in RE during the most recent quarter. The investment firm sold 250 shares of RE which is valued $45,320.Centurylink Investment Management Co reduced its stake in RE by selling 307 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 7,676 shares of RE which is valued at $1,394,883. Everest Re Group Ltd makes up approx 0.49% of Centurylink Investment Management Co’s portfolio.

Everest Re Group Ltd closed down -2.02 points or -1.12% at $177.74 with 2,54,079 shares getting traded on Monday. Post opening the session at $179.18, the shares hit an intraday low of $177.725 and an intraday high of $179.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Everest Re Group Ltd reported $5.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.35 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $5.54.Analysts expectations of $ 1330.80.During the same quarter in the previous year, the company posted $7.34 EPS.

Many Wall Street Analysts have commented on Everest Re Group Ltd. Company shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 219 from a previous price target of $211 .

Everest Re Group Ltd. (Group) through its subsidiaries is engaged in the underwriting of reinsurance and insurance in the United States Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships brokers and surplus lines brokers. The Company operates in segments: U.S. Reinsurance segment International segment Bermuda segment Insurance segment and Mt. Logan Re segment. The Company offers treaty and facultative reinsurance and admitted and non-admitted insurance. The Company’s products include the range of property and casualty reinsurance and insurance coverages including marine aviation surety errors and omissions liability (E&O) directors’ and officers’ liability (D&O) medical malpractice other specialty lines accident and health (A&H) and workers’ compensation.

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