Media headlines about Everest Re Group (NYSE:RE) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Everest Re Group earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 45.5053918911288 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently weighed in on RE. Zacks Investment Research lowered Everest Re Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 11th. Wells Fargo set a $240.00 price objective on Everest Re Group and gave the stock a “hold” rating in a report on Wednesday, April 11th. ValuEngine upgraded Everest Re Group from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. TheStreet upgraded Everest Re Group from a “c+” rating to a “b-” rating in a research report on Monday, January 22nd. Finally, Barclays restated a “buy” rating and set a $290.00 target price (up previously from $279.00) on shares of Everest Re Group in a research report on Sunday, February 18th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $260.75.
Shares of Everest Re Group stock traded up $1.73 during midday trading on Monday, hitting $250.92. 280,483 shares of the company were exchanged, compared to its average volume of 354,355. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $10,176.86, a PE ratio of 27.57, a price-to-earnings-growth 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.
Everest Re Group (NYSE:RE) last posted its earnings results on Monday, February 5th. The insurance provider reported $13.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.04 by $7.44. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.52 billion. Everest Re Group had a return on equity of 4.51% and a net margin of 7.10%. Everest Re Group’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $9.08 EPS. equities analysts anticipate that Everest Re Group will post 22.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $5.20 annualized dividend and a dividend yield of 2.07%. Everest Re Group’s dividend payout ratio (DPR) is presently 57.14%.
In other Everest Re Group news, VP John P. Doucette sold 300 shares of Everest Re Group stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.84, for a total value of $72,852.00. Following the completion of the transaction, the vice president now owns 21,434 shares in the company, valued at approximately $5,205,032.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roger M. Singer sold 1,000 shares of Everest Re Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $244.58, for a total value of $244,580.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
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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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