5 Best Dividend Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management

In this article, we discuss the 5 best dividend stocks to buy according to Mason Hawkins’ Southeastern Asset Management. If you want to read our detailed analysis of Hawkins’ history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management.

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

Hawkins’ Stake Value: $99,422,000
Percentage of Mason Hawkins’ 13F Portfolio: 2.12%
Dividend Yield: 2.52%
Number of Hedge Fund Holders: 32

Everest Re Group, Ltd. (NYSE: RE) provides reinsurance and insurance products globally. The company was founded in 1973 and is placed fifth on the list of 10 best dividend stocks to buy according to Mason Hawkins’ Southeastern Asset Management. Everest currently has a $10.13 billion market capitalization and was able to deliver a 27.06% return in the past 12 months.

On April 28, Everest Re Group, Ltd. (NYSE: RE) posted earnings for the first quarter of 2021. The company reported earnings per share of $6.49, beating market predictions by $1.96. Everest Re quarterly revenue was $2.74 billion, up 38.4% YoY, beating the estimates by $290 million. The company has a good dividend track report and has consistently declared dividends for the last 10 years. On May 13, Everest declared a quarterly dividend of $1.55 per share. 

Southeastern Asset Management holds 401,202 shares in the firm worth $99.42 million. This represents 2.12% of their portfolio. In the first quarter of 2021, 32 hedge funds in the database of Insider Monkey held stakes worth $520.80 million in Everest Re Group, up from 29 the preceding quarter worth $475.25 million. 

Miller/Howard Investments, in their first quarter 2021 investor letter, mentioned Everest Re Group, Ltd. (NYSE: RE). Here is what the fund said:

“We bought two new financials this quarter (including), Everest Re (RE). Both were selling at a discount to book value and should benefit from the improving economy, in our opinion.”