News headlines about Everest Re Group (NYSE:RE) have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Everest Re Group earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.4681670232108 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Shares of NYSE RE traded down $2.14 during trading hours on Friday, hitting $254.25. The stock had a trading volume of 249,335 shares, compared to its average volume of 270,229. The stock has a market cap of $10,383.57, a price-to-earnings ratio of 27.94, a PEG ratio of 1.13 and a beta of 0.45. Everest Re Group has a 52 week low of $208.81 and a 52 week high of $277.17. 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 (NYSE:RE) last announced its quarterly earnings results on Monday, February 5th. The insurance provider reported $13.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.04 by $7.44. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Everest Re Group had a return on equity of 4.51% and a net margin of 7.10%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.08 EPS. analysts predict that Everest Re Group will post 22.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $5.20 annualized dividend and a dividend yield of 2.05%. Everest Re Group’s payout ratio is 57.14%.
Several equities analysts have weighed in on the company. Wells Fargo reaffirmed a “hold” rating and set a $240.00 target price on shares of Everest Re Group in a research note on Monday, April 2nd. ValuEngine raised Everest Re Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $302.00 target price on the stock in a research note on Monday, March 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $258.00 target price (up previously from $247.00) on shares of Everest Re Group in a research note on Thursday, March 1st. Finally, Barclays reaffirmed a “buy” rating and set a $290.00 target price (up previously from $279.00) on shares of Everest Re Group in a research note on Sunday, February 18th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $260.75.
In other Everest Re Group news, VP John P. Doucette sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.84, for a total transaction of $72,852.00. Following the completion of the sale, the vice president now owns 21,434 shares of the company’s stock, valued at $5,205,032.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Graf bought 2,285 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of $219.07 per share, with a total value of $500,574.95. Following the transaction, the director now directly owns 5,550 shares of the company’s stock, valued at $1,215,838.50. The disclosure for this purchase can be found here. 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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