Everest Re Group Ltd (NYSE:RE), saw an insider lower his holdings through a transaction that began August 8th and was officially filed today, August 11th. Director Roger M. Singer sold a a total of 1,332 shares of common stock at an average price of $157.56 per share. Following this transaction, Singer now has 8,668 shares directly invested into the company.
A $10.92 billion market cap corporation, Everest Re Group Ltd (NYSE:RE), through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. As well, the Company underwrites reinsurance both through brokers and directly with ceding companies while operating in four segments: U.S. Reinsurance, International, Bermuda and Insurance.
In addition, Mason Hawkins‘ Southeastern Asset Management provides the largest outside investor for the company. This hedge fund, after increasing its exposure by 8% last quarter, holds 4,474,720 shares worth approximately $684.9 million in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.