Everest Re Group Ltd (NYSE:RE) – Analysts at Langen Mcalenn issued their Q4 2018 earnings per share (EPS) estimates for shares of Everest Re Group in a report issued on Monday, October 29th. Langen Mcalenn analyst L. Greenberg anticipates that the insurance provider will earn $7.98 per share for the quarter. Langen Mcalenn also issued estimates for Everest Re Group’s Q1 2019 earnings at $5.87 EPS and Q2 2019 earnings at $5.86 EPS.
A number of other equities research analysts have also recently commented on RE. Zacks Investment Research cut Everest Re Group from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $240.00 target price on shares of Everest Re Group in a report on Thursday, July 19th. ValuEngine cut Everest Re Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $240.00 target price on shares of Everest Re Group in a report on Wednesday, August 1st. Finally, Credit Suisse Group assumed coverage on Everest Re Group in a report on Tuesday, August 7th. They issued a “neutral” rating and a $239.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $253.89.
NYSE:RE opened at $219.31 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.42. Everest Re Group has a 52 week low of $203.90 and a 52 week high of $264.88.
Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Monday, October 29th. The insurance provider reported $4.09 EPS for the quarter, beating the Zacks’ consensus estimate of $3.07 by $1.02. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Everest Re Group had a return on equity of 11.82% and a net margin of 14.19%. During the same period last year, the firm earned ($16.43) earnings per share.
Several hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY grew its position in Everest Re Group by 10.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,018 shares of the insurance provider’s stock worth $1,618,000 after acquiring an additional 660 shares in the last quarter. Morgan Stanley grew its position in Everest Re Group by 15.6% in the second quarter. Morgan Stanley now owns 170,560 shares of the insurance provider’s stock worth $39,309,000 after acquiring an additional 23,018 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC purchased a new position in Everest Re Group in the second quarter worth about $4,229,000. State of Alaska Department of Revenue grew its position in Everest Re Group by 2.5% in the third quarter. State of Alaska Department of Revenue now owns 13,013 shares of the insurance provider’s stock worth $2,971,000 after acquiring an additional 323 shares in the last quarter. Finally, Zeke Capital Advisors LLC grew its position in Everest Re Group by 22.8% in the second quarter. Zeke Capital Advisors LLC now owns 12,637 shares of the insurance provider’s stock worth $2,913,000 after acquiring an additional 2,344 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO John P. Doucette sold 900 shares of Everest Re Group stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $215.32, for a total value of $193,788.00. Following the sale, the chief executive officer now directly owns 22,620 shares of the company’s stock, valued at $4,870,538.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
About Everest Re Group
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States.
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