Bristlecone Advisors buys $2,570,841 stake in Everest Re Group Ltd (RE)

Everest Re Group Ltd (RE) : Bristlecone Advisors scooped up 1,560 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 Aug 15, 2016. The investment management firm now holds a total of 13,545 shares of Everest Re Group Ltd which is valued at $2,570,841.Everest Re Group Ltd makes up approximately 0.97% of Bristlecone Advisors’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in RE in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 15,872 shares of Everest Re Group Ltd which is valued at $3,012,506.Korea Investment Corp reduced its stake in RE by selling 18,500 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 37,000 shares of RE which is valued at $7,022,600. Everest Re Group Ltd makes up approx 0.04% of Korea Investment Corp’s portfolio.Donald Smith boosted its stake in RE in the latest quarter, The investment management firm added 9,709 additional shares and now holds a total of 394,973 shares of Everest Re Group Ltd which is valued at $74,965,875. Everest Re Group Ltd makes up approx 1.91% of Donald Smith’s portfolio. Airain Ltd sold out all of its stake in RE during the most recent quarter. The investment firm sold 2,856 shares of RE which is valued $545,210.

Everest Re Group Ltd opened for trading at $192.19 and hit $195.09 on the upside on Wednesday, eventually ending the session at $195.08, with a gain of 1.20% or 2.31 points. The heightened volatility saw the trading volume jump to 243,308 shares. Company has a market cap of $8,172 M.

On the company’s financial health, Everest Re Group Ltd reported $3.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.31 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $3.48.Analysts expectations of $ 1182.25.During the same quarter in the previous year, the company posted $5.03 EPS.

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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