Billionaire Andreas Halvorsen’s Top 5 Best Dividend Stock Picks

2. Everest Re Group Ltd (NYSE: RE)

Andreas Halvorsen’s Viking owned 199505 shares of Everest Re Group in Q4 2020. The stock has a 2.37% dividend yield. 29 hedge funds had a stake in the company during the quarter, a decline compared to 36 hedge funds in Q3 2020.

Phil Stefano, an analyst at Deutsche Bank, upgraded his rating on Everest Re Group from a hold to a buy. He believes that the company’s previous forecast models were too conservative and acknowledged that the current management’s activities support the changing sentient. Stefano also believes that the latest earnings uncertainties are factored into investor models.

Viking Global’s shareholding in Everest makes it the third-largest hedge fund shareholder. The leading hedge funds in the stock are AQR Capital Management, which has 605,632 shares, Everest shares in its portfolio, and Southeastern Asset Management at 403,537 shares.

Everest is one of the top insurance and reinsurance companies in the world. It is one of the most innovative companies in the segments with an impressive balance sheet and robust product and distribution capacity. Everest relies on strong capital and risk management strategies and underwriting excellence to generate long-term value.