Gilman Hill Asset Management LLC Has $551,000 Stock Position in Everest Re Group, Ltd. (NYSE:RE)

Gilman Hill Asset Management LLC trimmed its stake in shares of Everest Re Group, Ltd. (NYSE:RE) by 16.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,788 shares of the insurance provider’s stock after selling 565 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Everest Re Group were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co boosted its holdings in shares of Everest Re Group by 1,711.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 163 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 154 shares in the last quarter. Nachman Norwood & Parrott Inc acquired a new position in shares of Everest Re Group in the 3rd quarter worth approximately $43,000. FinTrust Capital Advisors LLC boosted its holdings in shares of Everest Re Group by 96.6% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 228 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 112 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Everest Re Group in the 2nd quarter worth approximately $133,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Everest Re Group in the 2nd quarter worth approximately $203,000. 93.28% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on RE shares. Morgan Stanley upped their price objective on Everest Re Group from $226.00 to $241.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. BofA Securities started coverage on Everest Re Group in a report on Monday, July 6th. They set a “buy” rating and a $258.00 price objective on the stock. Bank of America started coverage on Everest Re Group in a report on Monday, July 6th. They set a “buy” rating and a $258.00 price objective on the stock. Zacks Investment Research downgraded Everest Re Group from a “hold” rating to a “strong sell” rating and set a $172.00 price objective on the stock. in a report on Wednesday. Finally, UBS Group upped their price objective on Everest Re Group from $235.00 to $246.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Everest Re Group presently has a consensus rating of “Hold” and a consensus target price of $247.67.

Shares of Everest Re Group stock traded down $1.00 on Friday, hitting $200.80. 109,657 shares of the company’s stock traded hands, compared to its average volume of 354,784. The firm’s 50-day moving average price is $206.48 and its two-hundred day moving average price is $204.26. The stock has a market capitalization of $8.03 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.59 and a beta of 0.45. Everest Re Group, Ltd. has a one year low of $157.32 and a one year high of $294.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.36 and a quick ratio of 0.36.

Everest Re Group (NYSE:RE) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.63 by $0.44. Everest Re Group had a net margin of 6.24% and a return on equity of 5.74%. The company had revenue of $2.05 billion during the quarter. During the same quarter in the previous year, the firm posted $7.85 EPS. On average, analysts forecast that Everest Re Group, Ltd. will post 12.48 earnings per share for the current fiscal year.

In related news, CEO John P. Doucette sold 994 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $223.05, for a total value of $221,711.70. Following the completion of the sale, the chief executive officer now owns 24,704 shares in the company, valued at approximately $5,510,227.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John P. Doucette sold 1,006 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $215.75, for a total transaction of $217,044.50. Following the completion of the sale, the chief executive officer now owns 23,698 shares of the company’s stock, valued at approximately $5,112,843.50. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Everest Re Group Company 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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Institutional Ownership by Quarter for Everest Re Group (NYSE:RE)

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