NumerixS Investment Technologies Inc increased its position in shares of Everest Re Group Ltd (NYSE:RE) by 66.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,000 shares of the insurance provider’s stock after buying an additional 400 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Everest Re Group were worth $247,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of RE. Oakworth Capital Inc. acquired a new position in Everest Re Group during the 2nd quarter worth approximately $34,000. Advisory Services Network LLC bought a new stake in Everest Re Group during the 2nd quarter worth approximately $51,000. Ossiam bought a new stake in Everest Re Group during the 2nd quarter worth approximately $53,000. Asset Dedication LLC bought a new stake in Everest Re Group during the 2nd quarter worth approximately $62,000. Finally, Private Ocean LLC bought a new stake in Everest Re Group during the 2nd quarter worth approximately $69,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO John P. Doucette sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $251.97, for a total value of $1,259,850.00. Following the completion of the transaction, the chief executive officer now directly owns 22,747 shares of the company’s stock, valued at $5,731,561.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Meryl D. Hartzband bought 500 shares of Everest Re Group stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $242.31 per share, with a total value of $121,155.00. Following the completion of the acquisition, the director now owns 9,570 shares of the company’s stock, valued at $2,318,906.70. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.
Shares of RE stock traded up $2.17 during trading on Thursday, hitting $263.92. The company’s stock had a trading volume of 260,502 shares, compared to its average volume of 294,702. The company has a market cap of $10.39 billion, a PE ratio of 56.76, a P/E/G ratio of 1.02 and a beta of 0.25. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $247.68 and a 200-day moving average of $240.89. Everest Re Group Ltd has a 52 week low of $201.09 and a 52 week high of $262.15.
Everest Re Group (NYSE:RE) last released its earnings results on Monday, July 29th. The insurance provider reported $7.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.66 by $1.19. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Everest Re Group had a return on equity of 6.37% and a net margin of 6.67%. Everest Re Group’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, research analysts predict that Everest Re Group Ltd will post 24.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, September 3rd. Everest Re Group’s dividend payout ratio is presently 120.43%.
Everest Re Group Profile
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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