Everest Re Group LTD (RE) Holder Robeco Institutional Asset Management Has Lowered Holding

October 13, 2018 - By Vivian Park

Everest Re Group, Ltd. (NYSE:RE) LogoInvestors sentiment decreased to 0.87 in Q2 2018. Its down 0.04, from 0.91 in 2018Q1. It dived, as 51 investors sold RE shares while 140 reduced holdings. 44 funds opened positions while 122 raised stakes. 36.45 million shares or 0.70% more from 36.20 million shares in 2018Q1 were reported. State Bank Of Stockton holds 0.79% of its portfolio in Everest Re Group, Ltd. (NYSE:RE) for 6,353 shares. Pggm Invs holds 0.19% or 150,200 shares in its portfolio. Perkins Coie accumulated 0.06% or 500 shares. Cibc Markets Corp invested in 5,789 shares or 0.01% of the stock. Cetera Advsr Llc reported 0.02% stake. Centurylink Mngmt Commerce holds 5,136 shares. Teachers Retirement Of The State Of Kentucky has invested 0.02% of its portfolio in Everest Re Group, Ltd. (NYSE:RE). Nfc Invs Limited Co, Tennessee-based fund reported 12,000 shares. 10,945 are held by Bank & Trust. Daiwa Securities Group Inc accumulated 1,423 shares. Millennium Limited Liability Corporation accumulated 217,337 shares. Fifth Third Bancorporation stated it has 0% of its portfolio in Everest Re Group, Ltd. (NYSE:RE). Plante Moran Financial Advsrs Ltd Limited Liability Company reported 0.02% stake. Dimensional Fund Advsr Limited Partnership holds 0.04% or 465,056 shares in its portfolio. California State Teachers Retirement Systems accumulated 68,519 shares.

Since August 13, 2018, it had 0 buys, and 1 sale for $193,788 activity.

Robeco Institutional Asset Management decreased its stake in Everest Re Group Ltd (RE) by 37.82% based on its latest 2018Q2 regulatory filing with the SEC. Robeco Institutional Asset Management sold 150,621 shares as the company’s stock declined 5.86% while stock markets rallied. The institutional investor held 247,662 shares of the finance company at the end of 2018Q2, valued at $57.08M, down from 398,283 at the end of the previous reported quarter. Robeco Institutional Asset Management who had been investing in Everest Re Group Ltd for a number of months, seems to be less bullish one the $8.70 billion market cap company. The stock decreased 0.93% or $2.01 during the last trading session, reaching $212.99. About 253,138 shares traded. Everest Re Group, Ltd. (NYSE:RE) has declined 8.25% since October 13, 2017 and is downtrending. It has underperformed by 23.87% the S&P500.

Robeco Institutional Asset Management, which manages about $21.46 billion US Long portfolio, upped its stake in Buckle Inc (NYSE:BKE) by 216,138 shares to 957,540 shares, valued at $25.76M in 2018Q2, according to the filing. It also increased its holding in Fifth Third Bancorp (NASDAQ:FITB) by 160,231 shares in the quarter, for a total of 1.24M shares, and has risen its stake in Aetna Inc New (NYSE:AET).

Analysts await Everest Re Group, Ltd. (NYSE:RE) to report earnings on October, 29. They expect $3.18 earnings per share, up 119.35 % or $19.61 from last year’s $-16.43 per share. RE’s profit will be $129.92M for 16.74 P/E if the $3.18 EPS becomes a reality. After $0.98 actual earnings per share reported by Everest Re Group, Ltd. for the previous quarter, Wall Street now forecasts 224.49 % EPS growth.

Everest Re Group, Ltd. (NYSE:RE) Ratings Coverage

Among 4 analysts covering Everest Re Group (NYSE:RE), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Everest Re Group had 4 analyst reports since June 18, 2018 according to SRatingsIntel. Morgan Stanley maintained Everest Re Group, Ltd. (NYSE:RE) rating on Tuesday, August 14. Morgan Stanley has “Equal-Weight” rating and $243 target.

Everest Re Group, Ltd. (NYSE:RE) Ratings Chart

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