Denali Advisors Lowers stake in Everest Re Group Ltd (RE)

Everest Re Group Ltd (RE) : Denali Advisors reduced its stake in Everest Re Group Ltd by 8.63% during the most recent quarter end. The investment management company now holds a total of 73,100 shares of Everest Re Group Ltd which is valued at $14,450,408 after selling 6,900 shares in Everest Re Group Ltd , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Everest Re Group Ltd makes up approximately 3.22% of Denali Advisors’s portfolio.

Everest Re Group Ltd opened for trading at $197.75 and hit $199.48 on the upside on Friday, eventually ending the session at $197.68, with a gain of 0.03% or 0.05 points. The heightened volatility saw the trading volume jump to 3,34,335 shares. Company has a market cap of $8,440 M.

Other Hedge Funds, Including , Lenox Wealth Advisors sold out all of its stake in RE during the most recent quarter. The investment firm sold 8 shares of RE which is valued $1,581.British Columbia Investment Management Corp boosted its stake in RE in the latest quarter, The investment management firm added 3,713 additional shares and now holds a total of 41,083 shares of Everest Re Group Ltd which is valued at $8,005,433. Everest Re Group Ltd makes up approx 0.08% of British Columbia Investment Management Corp’s portfolio.Creative Planning reduced its stake in RE by selling 13 shares or 8.72% in the most recent quarter. The Hedge Fund company now holds 136 shares of RE which is valued at $26,501.Eagle Asset Management Inc reduced its stake in RE by selling 12,500 shares or 34.09% in the most recent quarter. The Hedge Fund company now holds 24,168 shares of RE which is valued at $4,709,376. Everest Re Group Ltd makes up approx 0.03% of Eagle Asset Management Inc’s portfolio. Proficio Capital Partners sold out all of its stake in RE during the most recent quarter. The investment firm sold 10 shares of RE which is valued $1,949.

On the company’s financial health, Everest Re Group Ltd reported $8.17 EPS for the quarter, beating the analyst consensus estimate by $ 2.82 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $5.35. The company had revenue of $1562.00 million for the quarter, compared to analysts expectations of $1299.03 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.28 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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