Everest Re Group (NYSE:RE) had its price target hoisted by UBS Group from $252.00 to $257.00 in a research report released on Wednesday, Stock Target Advisor reports. UBS Group currently has a neutral rating on the insurance provider’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. ValuEngine raised Yirendai from a strong sell rating to a sell rating in a research report on Friday, May 3rd. Deutsche Bank cut Everest Re Group from a buy rating to a hold rating in a research report on Thursday, March 28th. Morgan Stanley reaffirmed an overweight rating and set a C$125.00 target price on shares of Intact Financial in a research report on Wednesday, May 15th. Finally, Barclays set a $34.00 target price on DCP Midstream and gave the company a hold rating in a research report on Wednesday, May 22nd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Everest Re Group currently has an average rating of Hold and a consensus price target of $251.00.
RE opened at $257.72 on Wednesday. The business’s fifty day moving average price is $250.75. The stock has a market cap of $10.50 billion, a P/E ratio of 55.42, a P/E/G ratio of 1.05 and a beta of 0.26. Everest Re Group has a 52 week low of $201.09 and a 52 week high of $260.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.37 and a quick ratio of 0.37.
Everest Re Group (NYSE:RE) last released its quarterly earnings data on Monday, May 6th. The insurance provider reported $6.91 EPS for the quarter, topping the consensus estimate of $5.91 by $1.00. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.82 billion. Everest Re Group had a return on equity of 3.08% and a net margin of 3.19%. Everest Re Group’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $5.34 EPS. Equities analysts anticipate that Everest Re Group will post 24.49 EPS for the current year.
In other news, Director John A. Weber sold 500 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $246.46, for a total value of $123,230.00. Following the completion of the sale, the director now owns 6,499 shares of the company’s stock, valued at approximately $1,601,743.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Zaffino sold 1,048 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $248.01, for a total value of $259,914.48. Following the completion of the sale, the senior vice president now directly owns 9,617 shares of the company’s stock, valued at approximately $2,385,112.17. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its stake in Everest Re Group by 1.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,909 shares of the insurance provider’s stock valued at $851,000 after purchasing an additional 51 shares in the last quarter. Advisor Group Inc. raised its stake in Everest Re Group by 16.4% during the fourth quarter. Advisor Group Inc. now owns 512 shares of the insurance provider’s stock worth $111,000 after acquiring an additional 72 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Everest Re Group by 14.0% during the fourth quarter. Commonwealth Bank of Australia now owns 8,146 shares of the insurance provider’s stock worth $1,769,000 after acquiring an additional 1,001 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new position in Everest Re Group during the fourth quarter worth about $271,000. Finally, Epoch Investment Partners Inc. raised its stake in Everest Re Group by 87.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 124,999 shares of the insurance provider’s stock worth $27,220,000 after acquiring an additional 58,218 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
Everest Re Group Company Profile
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the United States.
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