Everest Re Group Ltd (NYSE:RE) Stake Boosted by Kays Financial Advisory Corp ADV

Kays Financial Advisory Corp ADV increased its position in shares of Everest Re Group Ltd (NYSE:RE) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,495 shares of the insurance provider’s stock after purchasing an additional 81 shares during the quarter. Kays Financial Advisory Corp ADV’s holdings in Everest Re Group were worth $1,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in shares of Everest Re Group by 16.4% in the fourth quarter. Advisor Group Inc. now owns 512 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 72 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Everest Re Group by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 618,301 shares of the insurance provider’s stock valued at $134,440,000 after purchasing an additional 78,406 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Everest Re Group by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 61,072 shares of the insurance provider’s stock valued at $13,299,000 after purchasing an additional 1,029 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Everest Re Group in the fourth quarter valued at approximately $283,000. Finally, FMR LLC grew its holdings in shares of Everest Re Group by 72.3% in the fourth quarter. FMR LLC now owns 41,652 shares of the insurance provider’s stock valued at $9,070,000 after purchasing an additional 17,480 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Everest Re Group from $260.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Morgan Stanley lowered their price target on shares of Everest Re Group from $265.00 to $260.00 and set an “equal weight” rating for the company in a report on Friday. ValuEngine cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, UBS Group boosted their price target on shares of Everest Re Group from $252.00 to $257.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Everest Re Group has a consensus rating of “Hold” and an average target price of $252.57.

NYSE RE opened at $243.12 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.07. Everest Re Group Ltd has a 52 week low of $201.09 and a 52 week high of $260.51. The firm has a market cap of $10.05 billion, a PE ratio of 52.28, a PEG ratio of 1.01 and a beta of 0.25. The business’s 50 day moving average price is $252.60.

Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $7.85 EPS for the quarter, topping the consensus estimate of $6.66 by $1.19. Everest Re Group had a net margin of 6.67% and a return on equity of 6.37%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Sell-side analysts predict that Everest Re Group Ltd will post 24.73 earnings per share for the current year.

In related news, Director Meryl D. Hartzband acquired 500 shares of Everest Re Group stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $242.31 per share, for a total transaction of $121,155.00. Following the transaction, the director now owns 9,570 shares of the company’s stock, valued at $2,318,906.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan Zaffino sold 1,048 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $248.01, for a total transaction of $259,914.48. Following the sale, the senior vice president now owns 9,617 shares of the company’s stock, valued at approximately $2,385,112.17. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

About Everest Re Group

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the United States.

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

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