Everest Re Group (RE) Market Value Declined While Donald Smith & Company Has Lifted by $465,920 Its Holding; Morgan Dempsey Capital Management Raised Stake in International Business Machines (IBM) by $44.34 Million

August 12, 2018 - By Jack Shaw

Everest Re Group, Ltd. (NYSE:RE) Logo

Morgan Dempsey Capital Management Llc increased its stake in International Business Machines Corporation (IBM) by 0.81% based on its latest 2018Q1 regulatory filing with the SEC. Morgan Dempsey Capital Management Llc bought 289 shares as the company’s stock declined 9.42% with the market. The hedge fund held 36,031 shares of the computer manufacturing company at the end of 2018Q1, valued at $5.53 billion, up from 35,742 at the end of the previous reported quarter. Morgan Dempsey Capital Management Llc who had been investing in International Business Machines Corporation for a number of months, seems to be bullish on the $131.88 billion market cap company. The stock decreased 0.20% or $0.29 during the last trading session, reaching $144.48. About 3.00 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 12, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 17/04/2018 – IBM – TOTAL CLOUD REVENUE OVER THE LAST 12 MONTHS WAS $17.7 BILLION, UP 22 PERCENT (UP 20 PERCENT ADJUSTING FOR CURRENCY); 17/04/2018 – Carbon Black Expands Relationship with IBM Security; Predictive Security Cloud (PSC) Part of Newly Launched IBM X-Force Threat Management Services; 29/03/2018 – IBM – 2016 OPERATING EPS REDUCED BY $0.15 TO $13.44 AND 2017 OPERATING EPS REDUCED BY $0.14 TO $13.66; 17/04/2018 – IBM – OPERATING (NON-GAAP) PRE-TAX INCOME WAS $1.7 BILLION AND OPERATING (NON-GAAP) NET INCOME WAS $2.3 BILLION IN QTR; 24/04/2018 – IBM IBM.N INCREASES QUARTERLY DIVIDEND BY 5 PCT; 24/04/2018 – IBM Raises Dividend By 4.7% — MarketWatch; 23/05/2018 – Global Human Resource Outsourcing Market Outlook to 2022 – Accenture, ADP, IBM, lnfosys, and Randstad are Leading the Market – ResearchAndMarkets.com; 03/04/2018 – IBM Earns Top Marks from Frost & Sullivan as a Leader in Customer Value Within the Integrated Commerce Order Management Space; 26/03/2018 – DailySource: Apple, IBM execs call for stiffer data rules. (USA TODAY) Video:; 14/03/2018 – EV GROUP & IBM SIGN LICENSE PACT ON LASER DEBONDING TECHNOLOGY

Donald Smith & Company Inc increased its stake in Everest Re Group (RE) by 0.49% based on its latest 2018Q1 regulatory filing with the SEC. Donald Smith & Company Inc bought 1,820 shares as the company’s stock declined 5.87% with the market. The institutional investor held 375,035 shares of the finance company at the end of 2018Q1, valued at $96.32 million, up from 373,215 at the end of the previous reported quarter. Donald Smith & Company Inc who had been investing in Everest Re Group for a number of months, seems to be bullish on the $8.79B market cap company. The stock decreased 0.02% or $0.04 during the last trading session, reaching $215.17. About 293,633 shares traded or 8.42% up from the average. Everest Re Group, Ltd. (NYSE:RE) has declined 8.66% since August 12, 2017 and is downtrending. It has underperformed by 21.23% the S&P500. Some Historical RE News: 19/03/2018 – EVEREST RE ENTERS AGREEMENT WITH MILLETTE’S HUDSON STRUCTURED; 16/03/2018 – A.M. Best Affirms Credit Ratings of Everest Re Group, Ltd. and Its Subsidiaries; 11/04/2018 – Everest Re Group Sees $100M in Estimated Catastrophe Loss Estimate for 1Q; 05/03/2018 Everest Re Closes Above 200-Day Moving Average: Technicals; 30/05/2018 – S&PGR Affirmd Everest Re Group And Subs; Outlook Stable; 25/04/2018 – EVEREST RE 1Q OPER EPS $5.34, EST. $5.33; 19/03/2018 – Everest Re Says It Will Invest in Hudson Structured’s New Fund; 25/04/2018 – Everest Re 1Q Net $210.3M; 25/04/2018 – EVEREST RE GROUP – QTRLY TOTAL REVENUES $1.75 BLN VS $1.48 BLN; 25/04/2018 – EVEREST RE GROUP – QTRLY SHR $5.11

Since February 20, 2018, it had 0 insider purchases, and 2 sales for $317,433 activity. Doucette John P sold $72,853 worth of stock or 300 shares.

More recent Everest Re Group, Ltd. (NYSE:RE) news were published by: Seekingalpha.com which released: “Everest Re Group Ltd. (RE) CEO Dom Addesso on Q2 2018 Results – Earnings Call Transcript” on August 01, 2018. Also Businesswire.com published the news titled: “Everest Re Group Announces Net Reserve Adjustments for Second Quarter 2018” on July 19, 2018. Benzinga.com‘s news article titled: “Earnings Scheduled For July 31, 2018” with publication date: July 31, 2018 was also an interesting one.

Investors sentiment increased to 0.91 in 2018 Q1. Its up 0.11, from 0.8 in 2017Q4. It increased, as 32 investors sold RE shares while 153 reduced holdings. 68 funds opened positions while 100 raised stakes. 36.20 million shares or 0.07% more from 36.17 million shares in 2017Q4 were reported. 3,239 are owned by Trexquant Invest L P. Cetera Advsrs Ltd Liability Corporation holds 1,173 shares or 0.02% of its portfolio. Caisse De Depot Et Placement Du Quebec reported 8,500 shares. Howe Rusling invested in 11 shares. Cibc World Mkts Corporation has 0.01% invested in Everest Re Group, Ltd. (NYSE:RE) for 5,294 shares. 144 were accumulated by Acadian Asset Management Ltd Limited Liability Company. Hexavest reported 80,616 shares or 0.26% of all its holdings. Moreover, Harding Loevner Limited Partnership has 0% invested in Everest Re Group, Ltd. (NYSE:RE). Sei Invs holds 279,814 shares. Ibm Retirement Fund stated it has 893 shares or 0.04% of all its holdings. Foster & Motley Inc stated it has 0.46% of its portfolio in Everest Re Group, Ltd. (NYSE:RE). Davis Selected Advisers has invested 0.26% in Everest Re Group, Ltd. (NYSE:RE). Rothschild Asset holds 0.19% in Everest Re Group, Ltd. (NYSE:RE) or 65,666 shares. Panagora Asset stated it has 321,107 shares or 0.33% of all its holdings. Dnb Asset As accumulated 0% or 20,457 shares.

Among 10 analysts covering Everest Re Group Ltd (NYSE:RE), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Everest Re Group Ltd had 28 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, November 6 by UBS. Keefe Bruyette & Woods maintained it with “Sell” rating and $245.0 target in Monday, September 18 report. Keefe Bruyette & Woods maintained Everest Re Group, Ltd. (NYSE:RE) rating on Monday, December 4. Keefe Bruyette & Woods has “Hold” rating and $234.0 target. Buckingham Research initiated it with “Hold” rating and $255.0 target in Monday, September 11 report. The company was maintained on Tuesday, January 9 by Wells Fargo. Keefe Bruyette & Woods maintained Everest Re Group, Ltd. (NYSE:RE) on Thursday, August 17 with “Sell” rating. The stock of Everest Re Group, Ltd. (NYSE:RE) earned “Hold” rating by Keefe Bruyette & Woods on Monday, November 27. Deutsche Bank maintained the shares of RE in report on Thursday, May 12 with “Buy” rating. Barclays Capital maintained Everest Re Group, Ltd. (NYSE:RE) rating on Tuesday, February 20. Barclays Capital has “Overweight” rating and $290 target. The rating was maintained by Morgan Stanley on Thursday, March 1 with “Equal-Weight”.

Donald Smith & Company Inc, which manages about $6.25B and $3.74B US Long portfolio, decreased its stake in Verso Corp by 313,141 shares to 1.69M shares, valued at $28.39M in 2018Q1, according to the filing. It also reduced its holding in Aircastle (NYSE:AYR) by 124,793 shares in the quarter, leaving it with 543,406 shares, and cut its stake in Resolute Forest Products (NYSE:RFP).

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Torray Lc has 1.65% invested in International Business Machines Corporation (NYSE:IBM). White Pine Capital Ltd Liability accumulated 6,066 shares. Nichols & Pratt Advisers Limited Liability Partnership Ma accumulated 9,528 shares or 0.13% of the stock. 94,883 were accumulated by Peapack Gladstone Financial. Moreover, Next Gp Incorporated Inc has 0.51% invested in International Business Machines Corporation (NYSE:IBM). 26,686 are held by Bridgewater Associates Limited Partnership. Landscape Management Limited Company invested in 0.04% or 4,012 shares. Balyasny Asset Mngmt Limited Com has 35,022 shares. Seabridge Invest Advsrs Ltd reported 96,927 shares or 3.34% of all its holdings. Cullinan Assocs holds 59,189 shares or 0.69% of its portfolio. Polaris Greystone Finance Llc reported 538 shares. Amica Pension Fund Board Of Trustees holds 0.56% or 26,717 shares. Suntrust Banks Incorporated reported 337,582 shares stake. Credit Suisse Ag invested in 0.28% or 1.93 million shares. Credit Agricole S A has 36,698 shares.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “The Deals Keep Coming for IBM” on July 26, 2018, also Fool.com with their article: “3 Stocks You Can Keep Forever” published on August 10, 2018, Seekingalpha.com published: “Analysts lower IBM targets after earnings” on July 19, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “Big Blue – Are We Staying Blue?” published on July 22, 2018 as well as Seekingalpha.com‘s news article titled: “IBM Continues A Slow Climb” with publication date: July 20, 2018.

Among 34 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 4 Sell and 16 Hold. Therefore 41% are positive. International Business Machines had 134 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS on Tuesday, July 19 with “Neutral”. The firm earned “Buy” rating on Tuesday, July 19 by Drexel Hamilton. Morgan Stanley maintained the shares of IBM in report on Thursday, July 19 with “Overweight” rating. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by UBS on Wednesday, October 18. Citigroup maintained it with “Neutral” rating and $165 target in Wednesday, October 18 report. Jefferies maintained it with “Sell” rating and $13500 target in Thursday, June 22 report. Credit Suisse maintained it with “Underperform” rating and $110 target in Tuesday, October 18 report. As per Tuesday, July 19, the company rating was maintained by Deutsche Bank. Barclays Capital initiated it with “Underweight” rating and $146 target in Wednesday, October 14 report. As per Thursday, January 12, the company rating was maintained by Stifel Nicolaus.

Since February 23, 2018, it had 0 insider buys, and 3 insider sales for $4.46 million activity. Clementi Erich also sold $2.01 million worth of International Business Machines Corporation (NYSE:IBM) on Friday, February 23.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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