Bristlecone Advisors buys $2,736,978 stake in Everest Re Group Ltd (RE)

Everest Re Group Ltd (RE) : Bristlecone Advisors scooped up 235 additional shares in Everest Re Group Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 14,390 shares of Everest Re Group Ltd which is valued at $2,736,978.Everest Re Group Ltd makes up approximately 1.00% of Bristlecone Advisors’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in RE in the latest quarter, The investment management firm added 119 additional shares and now holds a total of 255 shares of Everest Re Group Ltd which is valued at $48,501. Cutler Group Lp added RE to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $19,141.First Mercantile Trust Co reduced its stake in RE by selling 200 shares or 9.94% in the most recent quarter. The Hedge Fund company now holds 1,813 shares of RE which is valued at $344,126. Everest Re Group Ltd makes up approx 0.05% of First Mercantile Trust Co’s portfolio.

Everest Re Group Ltd closed down -1.21 points or -0.63% at $190.2 with 1,89,328 shares getting traded on Tuesday. Post opening the session at $190.78, the shares hit an intraday low of $189.78 and an intraday high of $192.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Everest Re Group Ltd reported $3.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.31 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $3.48.Analysts expectations of $ 1182.25.During the same quarter in the previous year, the company posted $5.03 EPS.

Everest Re Group Ltd. (Group) through its subsidiaries is engaged in the underwriting of reinsurance and insurance in the United States Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships brokers and surplus lines brokers. The Company operates in segments: U.S. Reinsurance segment International segment Bermuda segment Insurance segment and Mt. Logan Re segment. The Company 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 coverages 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.

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