Everest Re Group (NYSE:RE) is set to issue its quarterly earnings data after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $6.04 per share for the quarter.
Everest Re Group (RE) opened at $229.25 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. Everest Re Group has a fifty-two week low of $208.81 and a fifty-two week high of $277.17. The company has a market capitalization of $9,484.22, a price-to-earnings ratio of 35.99, a PEG ratio of 1.14 and a beta of 0.61.
RE has been the subject of a number of research analyst reports. UBS Group lowered their price target on Everest Re Group from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. ValuEngine cut Everest Re Group from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research cut Everest Re Group from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $230.00 price target on shares of Everest Re Group in a report on Friday, October 13th. Finally, Barclays lowered their price target on Everest Re Group from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $252.88.
In other news, Director William F. Galtney, Jr. bought 6,000 shares of the stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $225.29 per share, with a total value of $1,351,740.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John A. Graf bought 2,285 shares of the stock in a transaction on Monday, January 8th. The stock was purchased at an average cost of $219.07 per share, with a total value of $500,574.95. Following the acquisition, the director now owns 5,550 shares in the company, valued at $1,215,838.50. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,323 shares of company stock valued at $1,860,654. Insiders own 1.30% of the company’s stock.
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Everest Re Group Company Profile
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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