Worth Watching: Everest Re Group LTD Institutional Investor Sentiment Worsened in Q2 2016

November 29, 2016 - By Ellis Scott   ·   0 Comments

Worth Watching: Everest Re Group LTD Institutional Investor Sentiment  Worsened in  Q2 2016

Sentiment for Everest Re Group LTD (NYSE:RE)

Everest Re Group LTD (NYSE:RE) institutional sentiment decreased to 0.72 in Q2 2016. Its down -0.20, from 0.92 in 2016Q1. The ratio dived, as 163 hedge funds increased or started new holdings, while 177 sold and decreased stock positions in Everest Re Group LTD. The hedge funds in our partner’s database now hold: 37.89 million shares, down from 38.92 million shares in 2016Q1. Also, the number of hedge funds holding Everest Re Group LTD in their top 10 holdings decreased from 7 to 5 for a decrease of 2. Sold All: 32 Reduced: 145 Increased: 123 New Position: 40.

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 has a market cap of $8.51 billion. The Company’s divisions include U.S. It has a 9.02 P/E ratio. Reinsurance segment, International segment, Bermuda segment, Insurance segment and Mt.

The stock decreased 0.00% or $0.01 on November 28, hitting $208.66. Everest Re Group Ltd (NYSE:RE) has risen 12.29% since April 26, 2016 and is uptrending. It has outperformed by 7.03% the S&P500.

Analysts await Everest Re Group Ltd (NYSE:RE) to report earnings on February, 1. They expect $3.10 EPS, down 62.06% or $5.07 from last year’s $8.17 per share. RE’s profit will be $126.43 million for 16.83 P/E if the $3.10 EPS becomes a reality. After $6.53 actual EPS reported by Everest Re Group Ltd for the previous quarter, Wall Street now forecasts -52.53% negative EPS growth.

According to Zacks Investment Research, “Everest Re Group, Ltd. is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Reinsurance Co. underwrites virtually all classes and categories of business in treaty, facultative and specialty lines, both through brokers and directly with ceding companies. Primary insurance products and services are available through several subsidiary operations.”

Vulcan Value Partners Llc holds 3.52% of its portfolio in Everest Re Group Ltd for 1.96 million shares. Grace & White Inc Ny owns 81,163 shares or 3.35% of their US portfolio. Moreover, Denali Advisors Llc has 2.97% invested in the company for 94,300 shares. The Maryland-based Campbell & Co Investment Adviser Llc has invested 2.57% in the stock. General American Investors Co Inc, a New York-based fund reported 125,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 2 sales for $377,522 net activity.

Everest Re Group Ltd (NYSE:RE) Ratings Coverage

Ratings analysis reveals 67% of Everest Re Group Ltd’s analysts are positive. Out of 3 Wall Street analysts rating Everest Re Group Ltd, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $205 while the high is $220. The stock’s average target of $219.50 is 5.20% above today’s ($208.66) share price. RE was included in 5 notes of analysts from July 30, 2015. Deutsche Bank maintained the shares of RE in a report on Thursday, May 12 with “Buy” rating. The stock of Everest Re Group Ltd (NYSE:RE) has “Neutral” rating given on Tuesday, November 15 by Goldman Sachs. Barclays Capital maintained Everest Re Group Ltd (NYSE:RE) on Tuesday, October 25 with “Overweight” rating.

RE Company Profile

Everest Re Group, Ltd., incorporated on August 26, 1999, through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Firm operates in divisions: U.S. Reinsurance, International, Bermuda, Insurance segment and Mt. Logan Re. The Firm underwrites reinsurance both through brokers and directly with ceding companies. The Firm underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Firm offers treaty and facultative reinsurance, and admitted and non-admitted insurance. The Company’s products include the range of property and casualty reinsurance, and insurance coverage’s, including marine, aviation, surety, errors and omissions liability (E&O), directors’ and officers’ liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers’ compensation. The Company’s subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re), Everest International Reinsurance, Ltd., Mt. Logan Re Ltd. (Mt. Logan Re), Everest Reinsurance Company (Ireland) Limited (Ireland Re), Everest Reinsurance Company (Everest Re), Everest Insurance Company of Canada, Everest National Insurance Company, Everest Indemnity Insurance Company and Everest Security Insurance Company.

More notable recent Everest Re Group Ltd (NYSE:RE) news were published by: Nasdaq.com which released: “Everest Re Group, Ltd. (RE) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016, also Fool.com with their article: “Everest Re Group Ltd.’s Premiums Decline in Q1” published on April 26, 2016, Businesswire.com published: “Everest Re Group Announces Strategic Alliance with CGB Diversified Services …” on July 25, 2016. More interesting news about Everest Re Group Ltd (NYSE:RE) were released by: Investorplace.com and their article: “Everest Re Group Ltd: Why RE Stock Is on Fire” published on April 01, 2016 as well as Businesswire.com‘s news article titled: “Marty Scherzer Joins Everest Re Group to Head its Structured Solutions Unit” with publication date: June 14, 2016.

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By Ellis Scott

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