TD Asset Management Inc boosted its stake in shares of Everest Re Group, Ltd. (NYSE:RE – Get Rating) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,525 shares of the insurance provider’s stock after acquiring an additional 391 shares during the quarter. TD Asset Management Inc owned 0.08% of Everest Re Group worth $9,781,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of RE. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Everest Re Group during the third quarter worth $26,000. Trifecta Capital Advisors LLC bought a new stake in shares of Everest Re Group during the fourth quarter worth $27,000. Ronald Blue Trust Inc. grew its holdings in shares of Everest Re Group by 57.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 104 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Everest Re Group during the fourth quarter worth $29,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Everest Re Group by 581.0% during the first quarter. Parkside Financial Bank & Trust now owns 143 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 122 shares during the last quarter. 92.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on the company. Jefferies Financial Group increased their target price on Everest Re Group from $455.00 to $468.00 and gave the stock a “buy” rating in a report on Monday, April 10th. Wells Fargo & Company raised their price target on Everest Re Group from $435.00 to $445.00 in a report on Wednesday. StockNews.com assumed coverage on Everest Re Group in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Raymond James raised their price target on Everest Re Group from $385.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, February 13th. Finally, BMO Capital Markets assumed coverage on Everest Re Group in a report on Thursday, January 19th. They issued a “market perform” rating and a $380.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $410.60.
Everest Re Group Price Performance
Everest Re Group (NYSE:RE – Get Rating) last issued its earnings results on Monday, May 1st. The insurance provider reported $11.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.48 by ($1.17). Everest Re Group had a return on equity of 12.98% and a net margin of 5.34%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business posted $10.31 EPS. Everest Re Group’s quarterly revenue was up 18.4% on a year-over-year basis. On average, equities analysts predict that Everest Re Group, Ltd. will post 45.45 earnings per share for the current year.
Everest Re Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Wednesday, March 15th. Everest Re Group’s dividend payout ratio (DPR) is currently 39.15%.
Everest Re Group Profile
Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through the following segments: Reinsurance, and Insurance. The Reinsurance segment writes property and casualty reinsurance and specialty lines of business, including marine, aviation, surety, and accident and health business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S.
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