Large Outflow of Money Witnessed in Everest Re Group Ltd.

Everest Re Group Ltd. (NYSE:RE) managed to eke out gains of 1.24% in intraday trade. The share price increased by 2.15 points to $175.07. Till last observation, the net money flow was recorded at a negative $(-7.5) million. The total inflow of $10.91 million in upticks was completely overshadowed by an outflow of $18.41 million in downticks, giving the up/down ratio a value of 0.59. The shares have seen a change of -2.26% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $9.41 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-9.41) million.

Everest Re Group Ltd. has lost 2.08% in the last five trading days and dropped 2.98% in the last 4 weeks. Everest Re Group Ltd. has dropped 7.72% during the last 3-month period . Year-to-Date the stock performance stands at -3.01%.

Currently the company Insiders own 1.3% of Everest Re Group Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.27% . Institutional Investors own 93.44% of Everest Re Group Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -3.3%. . On the companys insider trading activities, Dunne John R, director of Everest Re Group Ltd, unloaded 600 shares at an average price of $195 on April 6, 2016. The total amount of the transaction was worth $117,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Everest Re Group Ltd. (NYSE:RE) rose 1.43% or 2.47 points on Friday and made its way into the gainers of the day. After trading began at $172.82 the stock was seen hitting $175.5 as a peak level and $171.965 as the lowest level. The stock ended up at $175.39. The daily volume was measured at 619,507 shares. The 52-week high of the share price is $199.98 and the 52-week low is $167.07. The company has a market cap of $7,426 million.

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 Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *