Stock of The Day: Everest Re Group Ltd Can’t Burn Your Long Portfolio. Just Reaches All Time High

Stock of The Day: Everest Re Group Ltd Can't Burn Your Long Portfolio. Just Reaches All Time High

The stock of Everest Re Group Ltd (NYSE:RE) reached all time high today, Nov, 3 and still has $301.25 target or 47.00% above today’s $204.93 share price. This indicates more upside for the $8.62B company. This technical setup was reported by Barchart.com. If the $301.25 PT is reached, the company will be worth $4.05 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 237,357 shares traded hands. Everest Re Group Ltd (NYSE:RE) has risen 2.71% since April 1, 2016 and is uptrending. It has outperformed by 1.50% the S&P500.

Everest Re Group Ltd (NYSE:RE) Ratings Coverage

Out of 2 analysts covering Everest Re Group Ltd (NYSE:RE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Everest Re Group Ltd has been the topic of 4 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Thursday, May 12. The firm earned “Overweight” rating on Tuesday, October 25 by Barclays Capital.

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.”

Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.04, from 0.88 in 2016Q1. The ratio improved, as 32 funds sold all Everest Re Group Ltd shares owned while 145 reduced positions. 40 funds bought stakes while 123 increased positions. They now own 37.89 million shares or 2.66% less from 38.92 million shares in 2016Q1.
Paloma Mngmt owns 9,418 shares or 0.02% of their US portfolio. Blackrock Inv Mngmt Ltd, a New Jersey-based fund reported 128,335 shares. Regions Financial holds 4,200 shares or 0.01% of its portfolio. Leuthold Gp Ltd Liability has invested 1.46% of its portfolio in Everest Re Group Ltd (NYSE:RE). The Michigan-based State Treasurer State Of Michigan has invested 0.02% in Everest Re Group Ltd (NYSE:RE). Delta Lloyd Nv, a Netherlands-based fund reported 4,018 shares. Finemark National Bank & Trust & holds 5 shares or 0% of its portfolio. Valley Natl Advisers last reported 3 shares in the company. State Street holds 0.03% of its portfolio in Everest Re Group Ltd (NYSE:RE) for 1.61M shares. Moreover, Franklin has 0% invested in Everest Re Group Ltd (NYSE:RE) for 5,180 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 0.04% or 800 shares in its portfolio. Mackenzie Fincl Corporation holds 0.01% of its portfolio in Everest Re Group Ltd (NYSE:RE) for 10,876 shares. The Florida-based Voloridge Inv Limited Liability Com has invested 0.01% in Everest Re Group Ltd (NYSE:RE). Hancock Holdings last reported 4,349 shares in the company. Moreover, Essex Investment Mngmt Limited Liability Corp has 0.06% invested in Everest Re Group Ltd (NYSE:RE) for 2,125 shares.

Insider Transactions: Since August 3, 2016, the stock had 1 insider buy, and 2 selling transactions for $377,522 net activity. The insider DUNNE JOHN R sold 200 shares worth $38,006. $9,784 worth of Everest Re Group Ltd (NYSE:RE) shares were bought by WEBER JOHN A. Another trade for 1,840 shares valued at $349,300 was made by Doucette John P on Wednesday, August 3.

More important recent Everest Re Group Ltd (NYSE:RE) news were published by: Businesswire.com which released: “Everest Re Group Announces Strategic Alliance with CGB Diversified Services …” on July 25, 2016, also Fool.com published article titled: “Everest Re Group Ltd.’s Premiums Decline in Q1”, Businesswire.com published: “Marty Scherzer Joins Everest Re Group to Head its Structured Solutions Unit” on June 14, 2016. More interesting news about Everest Re Group Ltd (NYSE:RE) was released by: Seekingalpha.com and their article: “Everest Re Group Ltd. Earnings Analysis: Q2 2016 By The Numbers” with publication date: August 02, 2016.

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.

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