Caxton Associates LP Buys New Stake in Everest Re Group, Ltd. (RE)

Caxton Associates LP bought a new stake in Everest Re Group, Ltd. (NYSE:RE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,700 shares of the insurance provider’s stock, valued at approximately $687,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RE. BlackRock Inc. grew its position in Everest Re Group by 4,778.3% in the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock valued at $914,021,000 after acquiring an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. grew its position in Everest Re Group by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock valued at $956,473,000 after acquiring an additional 704,287 shares in the last quarter. State Street Corp grew its position in Everest Re Group by 26.4% in the 2nd quarter. State Street Corp now owns 2,157,326 shares of the insurance provider’s stock valued at $549,219,000 after acquiring an additional 450,606 shares in the last quarter. Janus Henderson Group PLC grew its position in Everest Re Group by 7,587.2% in the 2nd quarter. Janus Henderson Group PLC now owns 344,770 shares of the insurance provider’s stock valued at $87,775,000 after acquiring an additional 340,285 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Everest Re Group by 28.9% in the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock valued at $301,566,000 after acquiring an additional 289,351 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Several research firms have weighed in on RE. Wells Fargo & Company reaffirmed a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Barclays PLC lifted their target price on Everest Re Group from $299.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. UBS AG reaffirmed a “neutral” rating and issued a $256.00 target price (up from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Everest Re Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub raised Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Everest Re Group presently has a consensus rating of “Hold” and a consensus target price of $247.89.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/caxton-associates-lp-buys-new-stake-in-everest-re-group-ltd-re.html.

Shares of Everest Re Group, Ltd. (NYSE:RE) traded down 0.15% during trading on Tuesday, hitting $225.69. The stock had a trading volume of 44,230 shares. Everest Re Group, Ltd. has a one year low of $189.78 and a one year high of $277.17. The stock’s 50-day moving average price is $235.11 and its 200-day moving average price is $247.79. The company has a market cap of $9.27 billion, a P/E ratio of 7.74 and a beta of 0.62.

Everest Re Group (NYSE:RE) last posted its earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.27. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $3.17 earnings per share. On average, equities research analysts forecast that Everest Re Group, Ltd. will post $6.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, w

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RE. BlackRock Inc. grew its position in Everest Re Group by 4,778.3% in the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock valued at $914,021,000 after acquiring an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. grew its position in Everest Re Group by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock valued at $956,473,000 after acquiring an additional 704,287 shares in the last quarter. State Street Corp grew its position in Everest Re Group by 26.4% in the 2nd quarter. State Street Corp now owns 2,157,326 shares of the insurance provider’s stock valued at $549,219,000 after acquiring an additional 450,606 shares in the last quarter. Janus Henderson Group PLC grew its position in Everest Re Group by 7,587.2% in the 2nd quarter. Janus Henderson Group PLC now owns 344,770 shares of the insurance provider’s stock valued at $87,775,000 after acquiring an additional 340,285 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Everest Re Group by 28.9% in the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock valued at $301,566,000 after acquiring an additional 289,351 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Several research firms have weighed in on RE. Wells Fargo & Company reaffirmed a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Barclays PLC lifted their target price on Everest Re Group from $299.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. UBS AG reaffirmed a “neutral” rating and issued a $256.00 target price (up from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Everest Re Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub raised Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Everest Re Group presently has a consensus rating of “Hold” and a consensus target price of $247.89.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/caxton-associates-lp-buys-new-stake-in-everest-re-group-ltd-re.html.

Shares of Everest Re Group, Ltd. (NYSE:RE) traded down 0.15% during trading on Tuesday, hitting $225.69. The stock had a trading volume of 44,230 shares. Everest Re Group, Ltd. has a one year low of $189.78 and a one year high of $277.17. The stock’s 50-day moving average price is $235.11 and its 200-day moving average price is $247.79. The company has a market cap of $9.27 billion, a P/E ratio of 7.74 and a beta of 0.62.

Everest Re Group (NYSE:RE) last posted its earnings results on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.27. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $3.17 earnings per share. On average, equities research analysts forecast that Everest Re Group, Ltd. will post $6.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a $1.25 dividend. The ex-dividend date was Friday, September 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.21%. Everest Re Group’s dividend payout ratio (DPR) is currently 17.15%.

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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