Media stories about Everest Re Group (NYSE:RE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Everest Re Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.5220550993011 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
RE has been the topic of several recent research reports. UBS Group lowered their price target on shares of Everest Re Group from $256.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $245.00 target price on shares of Everest Re Group in a research note on Thursday, September 21st. ValuEngine lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Everest Re Group from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, Barclays lowered their target price on shares of Everest Re Group from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Everest Re Group currently has an average rating of “Hold” and an average target price of $245.44.
Everest Re Group (NYSE:RE) traded up $1.39 during mid-day trading on Friday, hitting $224.20. 277,995 shares of the stock traded hands, compared to its average volume of 361,044. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.33. Everest Re Group has a twelve month low of $208.81 and a twelve month high of $277.17. The stock has a market cap of $9,150.74, a price-to-earnings ratio of 35.20, a P/E/G ratio of 1.10 and a beta of 0.61.
Everest Re Group (NYSE:RE) last posted its earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($20.11). Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the company earned $6.53 earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. research analysts expect that Everest Re Group will post 1.23 EPS for the current year.
In related news, Director John A. Graf purchased 2,285 shares of Everest Re Group stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of $219.07 per share, for a total transaction of $500,574.95. Following the transaction, the director now directly owns 5,550 shares in the company, valued at $1,215,838.50. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director William F. Galtney, Jr. purchased 6,000 shares of Everest Re Group stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $225.29 per share, with a total value of $1,351,740.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,323 shares of company stock valued at $1,860,654. Insiders own 1.30% of the company’s stock.
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About Everest Re Group
Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies.
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