Hirtle Callaghan Co Lowers stake in Everest Re Group Ltd (RE)

Everest Re Group Ltd (RE) : Hirtle Callaghan Co reduced its stake in Everest Re Group Ltd by 30.12% during the most recent quarter end. The investment management company now holds a total of 638 shares of Everest Re Group Ltd which is valued at $121,443 after selling 275 shares in Everest Re Group Ltd , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Everest Re Group Ltd makes up approximately 0.02% of Hirtle Callaghan Co’s portfolio.

Other Hedge Funds, Including , Foster Motley Inc reduced its stake in RE by selling 2,658 shares or 15.11% in the most recent quarter. The Hedge Fund company now holds 14,929 shares of RE which is valued at $2,841,735. Everest Re Group Ltd makes up approx 0.55% of Foster Motley Inc’s portfolio.Chicago Equity Partners reduced its stake in RE by selling 62,150 shares or 60.84% in the most recent quarter. The Hedge Fund company now holds 40,005 shares of RE which is valued at $7,561,345. Everest Re Group Ltd makes up approx 0.21% of Chicago Equity Partners’s portfolio.Quadrant Capital Group boosted its stake in RE in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 18 shares of Everest Re Group Ltd which is valued at $3,402.Daiwa Sb Investments Ltd. reduced its stake in RE by selling 30 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 890 shares of RE which is valued at $161,731. Everest Re Group Ltd makes up approx 0.05% of Daiwa Sb Investments Ltd.’s portfolio.Centurylink Investment Management Co reduced its stake in RE by selling 307 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 7,676 shares of RE which is valued at $1,394,883. Everest Re Group Ltd makes up approx 0.49% of Centurylink Investment Management Co’s portfolio.

Everest Re Group Ltd closed down -0.32 points or -0.17% at $190.58 with 1,48,657 shares getting traded on Monday. Post opening the session at $190.9, the shares hit an intraday low of $189.75 and an intraday high of $191.86 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Many Wall Street Analysts have commented on Everest Re Group Ltd. Company shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 219 from a previous price target of $211 .

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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