Everest Re Group Ltd (RE) : Bank Of Stockton reduced its stake in Everest Re Group Ltd by 1.39% during the most recent quarter end. The investment management company now holds a total of 8,483 shares of Everest Re Group Ltd which is valued at $1,541,531 after selling 120 shares in Everest Re Group Ltd , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Everest Re Group Ltd makes up approximately 0.81% of Bank Of Stockton’s portfolio.
Other Hedge Funds, Including , Next Financial Group Inc boosted its stake in RE in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 75 shares of Everest Re Group Ltd which is valued at $13,629.Raymond James Trust N.a. reduced its stake in RE by selling 556 shares or 2.86% in the most recent quarter. The Hedge Fund company now holds 18,894 shares of RE which is valued at $3,433,418. Everest Re Group Ltd makes up approx 0.29% of Raymond James Trust N.a.’s portfolio.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.Bnp Paribas Arbitrage Sa reduced its stake in RE by selling 5,194 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 77,329 shares of RE which is valued at $14,052,226. Everest Re Group Ltd makes up approx 0.06% of Bnp Paribas Arbitrage Sa’s portfolio.
Everest Re Group Ltd closed down -0.92 points or -0.50% at $181.28 with 2,41,677 shares getting traded on Wednesday. Post opening the session at $182.2, the shares hit an intraday low of $181.24 and an intraday high of $182.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Companys 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.