Earnest Partners LLC lessened its position in shares of Everest Re Group Ltd (NYSE:RE) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 612,631 shares of the insurance provider’s stock after selling 3,695 shares during the quarter. Everest Re Group makes up about 1.3% of Earnest Partners LLC’s investment portfolio, making the stock its 14th largest position. Earnest Partners LLC owned 1.50% of Everest Re Group worth $135,551,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of RE. Boston Partners bought a new position in shares of Everest Re Group during the 4th quarter worth approximately $385,136,000. Alliancebernstein L.P. grew its position in shares of Everest Re Group by 494.0% in the fourth quarter. Alliancebernstein L.P. now owns 478,879 shares of the insurance provider’s stock valued at $105,957,000 after purchasing an additional 398,257 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Everest Re Group in the fourth quarter valued at approximately $79,987,000. Janus Henderson Group PLC grew its position in shares of Everest Re Group by 58.2% in the third quarter. Janus Henderson Group PLC now owns 545,518 shares of the insurance provider’s stock valued at $124,591,000 after purchasing an additional 200,748 shares during the last quarter. Finally, Nuance Investments LLC acquired a new stake in Everest Re Group during the fourth quarter worth approximately $38,238,000. Institutional investors and hedge funds own 92.55% of the company’s stock.
In related news, VP John P. Doucette sold 300 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.84, for a total value of $72,852.00. Following the completion of the transaction, the vice president now directly owns 21,434 shares in the company, valued at $5,205,032.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger M. Singer sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $244.58, for a total transaction of $244,580.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Everest Re Group Ltd (NYSE:RE) opened at $262.62 on Monday. Everest Re Group Ltd has a one year low of $208.81 and a one year high of $277.17. The firm has a market cap of $10,725.34, a P/E ratio of 23.57, a P/E/G ratio of 1.21 and a beta of 0.52. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.08.
Everest Re Group (NYSE:RE) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $13.48 EPS for the quarter, beating analysts’ consensus estimates of $6.04 by $7.44. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.52 billion. Everest Re Group had a net margin of 7.10% and a return on equity of 4.51%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $9.08 EPS. equities analysts predict that Everest Re Group Ltd will post 21.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 6th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.98%. Everest Re Group’s dividend payout ratio (DPR) is currently 46.68%.
Everest Re Group Company 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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