Everest Re Group, Ltd. (NYSE: RE) receives an average Hold rating from brokers

According to MarketBeat Ratings, Everest Re Group, Ltd. (NYSE: RE) has been assigned an average Hold rating from eight brokerage firms that currently cover the shares. One stock market analyst rated the stock with a sell recommendation, three with a hold recommendation, and four with a buy recommendation. The average 12-month target price among brokerage firms that renewed their stock coverage last year is $ 285.57.

A number of analysts spoke in favor of RE shares. On Friday, June 18, Citigroup downgraded Everest Re Group from Buy to Neutral. They noted that the move was driven by an assessment. downgraded Everest Re Group from Buy to Neutral and lowered its target price for the company from $ 287 to $ 270 in a report on Friday, June 18. Zacks Investment Research has downgraded Everest Re Group from strong buy to sell and set a target price for the stock at $ 272.00. in the report on Tuesday. Finally, Wolfe Research initiated coverage of the Everest Re Group in its report on Monday 16 August. They gave it a “better than market” rating and a target price of $ 330.00 per share.

A number of large investors have recently increased or decreased their shares in RES. Massachusetts Financial Services Co. MA increased its stake in Everest Re Group by 9.5% during Q1. Massachusetts Financial Services Co. MA now owns 865,846 shares in the insurance company, valued at $ 214,565,000 after acquiring an additional 75,191 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. in the second quarter increased its stake in Everest Re Group by 5.4%. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,727 shares in the insurance company for $ 3,459,000 after acquiring an additional 700 shares in the last quarter. Synovus Financial Corp increased its position in Everest Re Group by 14.9% in the first quarter. Synovus Financial Corp now owns 4,323 shares in the insurance company for $ 1,066,000 after purchasing an additional 561 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Everest Re Group by 15.7% in the first quarter. Goldman Sachs Group Inc. now owns 67,093 shares in the insurance company valued at US $ 16,626,000 following the purchase of an additional 9,085 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in Everest Re Group shares by 29.5% in the second quarter. Bank of Nova Scotia now holds 64,013 shares in the insurance company for $ 16,105,000 after purchasing an additional 14,588 shares in the last quarter. 94.06% of the shares are currently held by institutional investors.

(Announcement)

This simple way of handling food can end food waste.

NYSE: RE is trading up $ 0.17 during Friday’s trading hours to hit $ 250.95. 1,716 shares of the company were exchanged, compared with an average exchange volume of 281,647 shares. The 50-day moving average for the stock is $ 259.50 and the 200-day moving average is $ 257.48. Everest Re Group has a 12 month minimum of $ 193.02 and a 12 month maximum of $ 281.27. The company has a market capitalization of $ 9.96 billion, a PE ratio of 7.57, and a beta of 0.65. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt to equity ratio of 0.18.

Everest Re Group (NYSE: RE) last released quarterly earnings data on Wednesday, July 28. The insurance company reported earnings per share of $ 14.63 for the quarter, up $ 7.33 above the Thomson Reuters consensus of $ 7.30. Everest Re Group had a net margin of 11.87% and a return on equity of 9.13%. For the quarter, the company’s revenue was $ 2.97 billion. In the same quarter last year, the company posted earnings of $ 2.07 per share. Analysts expect Everest Re Group to post 34.15 earnings per share this year.

The company also recently disclosed its quarterly dividend, which was paid on Wednesday, September 15th. Shareholders, registered on Wednesday, August 25, received a dividend of $ 1.55. This represents an annual dividend of $ 6.20 and a dividend yield of 2.47%. The ex-dividend date is Tuesday, August 24th. Everest Re Group’s dividend payout ratio (DPR) is currently 83.11%.

Everest Re Group company profile

Everest Re Group Ltd. – a holding company providing reinsurance and insurance services. He operates in the following segments: US Reinsurance, International Insurance, Bermuda and Insurance. The US Reinsurance segment is engaged in property and casualty reinsurance and specialty activities including maritime, aviation, insurance, accident and health care businesses, both on a contractual and optional basis through reinsurance brokers, and also directly with transmission companies, mainly within us

Featured article: What is the S & P / ASX 200 Index?

Everest Re Group (NYSE: RE) analyst recommendations

This instant news alert was created using narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Is it worth investing $ 1000 in Everest Re Group right now?

Before considering Everest Re Group, you should hear this.

MarketBeat tracks the most popular and effective Wall Street analysts, as well as the stocks they recommend to their clients on a daily basis. MarketBeat identified five stocks that leading analysts are quietly whispering to their clients to buy now before the wider market reaches them … and Everest Re Group was not on the list.

While Everest Re Group is currently rated Buy by analysts, the top-rated analysts believe the five stocks are better buys.

View 5 promotions here

Source link