Legg Mason Asset Management Japan Co. Ltd. decreased its stake in shares of Everest Re Group Ltd (NYSE:RE) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the insurance provider’s stock after selling 200 shares during the quarter. Everest Re Group comprises 1.2% of Legg Mason Asset Management Japan Co. Ltd.’s holdings, making the stock its 18th biggest position. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Everest Re Group were worth $937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Stamos Capital Partners L.P. acquired a new stake in shares of Everest Re Group in the fourth quarter worth $28,000. Penserra Capital Management LLC acquired a new stake in shares of Everest Re Group in the fourth quarter worth $30,000. First Interstate Bank acquired a new stake in shares of Everest Re Group in the fourth quarter worth $50,000. Advisor Group Inc. increased its stake in shares of Everest Re Group by 16.4% in the fourth quarter. Advisor Group Inc. now owns 512 shares of the insurance provider’s stock worth $111,000 after acquiring an additional 72 shares during the period. Finally, ETF Managers Group LLC increased its stake in shares of Everest Re Group by 18.3% in the fourth quarter. ETF Managers Group LLC now owns 518 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

In related news, Director Roger M. Singer sold 900 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $223.69, for a total transaction of $201,321.00. Following the sale, the director now directly owns 13,432 shares of the company’s stock, valued at $3,004,604.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

RE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Everest Re Group from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Morgan Stanley cut their price objective on shares of Everest Re Group from $243.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 3rd. Wells Fargo & Co reiterated a “hold” rating and issued a $235.00 price objective on shares of Everest Re Group in a research note on Thursday, January 24th. Finally, Deutsche Bank cut their price objective on shares of Everest Re Group from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $247.63.

NYSE:RE opened at $219.05 on Friday. The firm has a market capitalization of $8.91 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 0.94 and a beta of 0.33. Everest Re Group Ltd has a 1-year low of $201.09 and a 1-year high of $264.88. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.08.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, February 11th. The insurance provider reported ($5.89) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.04 by ($11.93). Everest Re Group had a return on equity of 2.33% and a net margin of 1.40%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Research analysts predict that Everest Re Group Ltd will post 23.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, March 5th. Everest Re Group’s dividend payout ratio (DPR) is presently 120.43%.

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About Everest Re Group

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 Unites States.

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

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