5 Financial Stocks to Buy Now According to Billionaire Cliff Asness

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In this article, we will take a look at the 5 financial stocks to buy now according to billionaire Cliff Asness. To read our analysis of Asness’s profile, and investment strategy, as well as the risk/reward and methodology of this list, go directly to the 10 Financial Stocks to Buy Now According to Billionaire Cliff Asness.

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

AQR Capital Management’s Stake Value: $188.5 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.42%

Number of Hedge Fund Holders: 28

Everest Re Group, Ltd. (NYSE:RE) is a prominent global provider of insurance and reinsurance. It operates in the U.S., Europe, Singapore, Canada, Bermuda, and other regions through its subsidiaries.

Some analysts are bullish. In July, Jefferies kept a Buy rating on Everest Re Group, Ltd. (NYSE:RE) stock and increased its price target to $344 from $343. Everest Re Group, Ltd. (NYSE:RE) also had strong Q2 results with normalized EPS of $9.79, beating analyst estimates by $1.69.

Many hedge funds like the stock. According to the second quarter database of Insider Monkey, 28 hedge funds were bullish on Everest Re Group, Ltd. (NYSE:RE), with combined stakes worth about $560 million. AQR Capital Management is the biggest stakeholder of Everest Re Group, Ltd. (NYSE:RE) as of the second quarter of 2022, with more than 681,939 shares worth more than $188 million.

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