Oppenheimer & Co. Inc. Sells 305 Shares of Everest Re Group Ltd (RE)

Oppenheimer & Co. Inc. decreased its holdings in Everest Re Group Ltd (NYSE:RE) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,030 shares of the insurance provider’s stock after selling 305 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Everest Re Group were worth $2,219,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RE. Cerebellum GP LLC acquired a new position in Everest Re Group in the fourth quarter worth approximately $133,000. Valeo Financial Advisors LLC acquired a new position in Everest Re Group in the third quarter worth approximately $137,000. Diversified Trust Co acquired a new position in Everest Re Group in the fourth quarter worth approximately $201,000. Harbor Advisors LLC acquired a new position in Everest Re Group in the third quarter worth approximately $228,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Everest Re Group in the third quarter worth approximately $228,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.

Several research analysts have issued reports on RE shares. TheStreet upgraded shares of Everest Re Group from a “c+” rating to a “b-” rating in a research report on Monday, January 22nd. Wells Fargo & Co set a $240.00 price target on shares of Everest Re Group and gave the stock a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Everest Re Group from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $234.00 price objective on shares of Everest Re Group in a research report on Wednesday, December 6th. Finally, UBS Group lifted their price objective on shares of Everest Re Group from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $252.88.

In related news, Director William F. Galtney, Jr. bought 6,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average price of $225.29 per share, with a total value of $1,351,740.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John A. Graf bought 2,285 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of $219.07 per share, with a total value of $500,574.95. Following the purchase, the director now directly owns 5,550 shares in the company, valued at $1,215,838.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 8,323 shares of company stock worth $1,860,654. Corporate insiders own 1.30% of the company’s stock.

Everest Re Group Ltd (NYSE:RE) opened at $242.59 on Thursday. Everest Re Group Ltd has a 52-week low of $208.81 and a 52-week high of $277.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.31. The firm has a market cap of $9,779.40, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59.

Everest Re Group (NYSE:RE) last posted its quarterly earnings data on Monday, February 5th. The insurance provider reported $13.48 earnings per share for the quarter, topping the consensus estimate of $6.04 by $7.44. Everest Re Group had a net margin of 7.10% and a return on equity of 4.51%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company posted $9.08 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. equities analysts anticipate that Everest Re Group Ltd will post 21.45 earnings per share for the current year.

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Everest Re Group Profile

Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies.

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

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