Significant Insider buy of Everest Re Group (RE) Shares Breaks neutral Trend of Last Quarter

Monday, November 20, 2017 10:15 PM ET

Significant Insider buy of Everest Re Group (RE) Shares Breaks neutral Trend of Last Quarter

There was a noteworthy insider buying activity in Everest Re Group shares today as disclosed in a filing with the SEC. One insider — William F Galtney Jr, Director — purchased 6,000 shares in the company having a net market value of approximately $1,351,730. This is the first insider buy/sell trade in the past 90 days.

The level of buy-sell trades at Everest Re Group is close to that of the 8 member peer company average. The Property & Casualty Reinsurance peer group saw 5 buy/sell trades during this period for an average of 0.6 transactions per company. However, trading at Everest Re Group represents a lower number of shares per transaction. Within the peer group there were 46,500 shares purchased and 18,075 shares sold with company insiders having bought 7,106 shares on average over this time period.

The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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