The Everest Re Group Ltd. (RE) PT Raised to $220.00

The Everest Re Group Ltd. (RE) PT Raised to $220.00

Everest Re Group Ltd. (NYSE:RE) had its target price hoisted by Barclays PLC from $215.00 to $220.00 in a research report sent to investors on Tuesday morning. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently commented on RE. Zacks Investment Research downgraded shares of Everest Re Group from a hold rating to a sell rating in a report on Tuesday, July 12th. Keefe, Bruyette & Woods increased their price target on shares of Everest Re Group from $199.00 to $204.00 and gave the company a market perform rating in a report on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Everest Re Group currently has a consensus rating of Hold and a consensus target price of $203.40.

Everest Re Group (NYSE:RE) opened at 201.08 on Tuesday. Everest Re Group has a 12-month low of $167.07 and a 12-month high of $204.73. The stock has a market cap of $8.22 billion, a P/E ratio of 8.73 and a beta of 0.63. The firm’s 50 day moving average price is $192.51 and its 200-day moving average price is $186.51.

Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, October 24th. The company reported $6.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.24 by $3.29. The firm earned $1.51 billion during the quarter, compared to analyst estimates of $1.32 billion. Everest Re Group had a return on equity of 12.50% and a net margin of 17.07%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.53 earnings per share. Equities research analysts anticipate that Everest Re Group will post $17.85 earnings per share for the current fiscal year.

In other news, Director John R. Dunne sold 200 shares of Everest Re Group stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $190.03, for a total transaction of $38,006.00. Following the completion of the sale, the director now owns 10,579 shares of the company’s stock, valued at $2,010,327.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John P. Doucette sold 1,840 shares of Everest Re Group stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $189.84, for a total transaction of $349,305.60. Following the sale, the vice president now directly owns 23,265 shares of the company’s stock, valued at approximately $4,416,627.60. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Everest Re Group by 1.1% in the first quarter. Legal & General Group Plc now owns 233,009 shares of the company’s stock valued at $45,988,000 after buying an additional 2,496 shares in the last quarter. Renaissance Technologies LLC increased its stake in Everest Re Group by 145.1% in the first quarter. Renaissance Technologies LLC now owns 204,200 shares of the company’s stock valued at $40,315,000 after buying an additional 120,900 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Everest Re Group by 27.0% in the first quarter. Panagora Asset Management Inc. now owns 314,265 shares of the company’s stock valued at $62,045,000 after buying an additional 66,860 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Everest Re Group by 4.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 396,325 shares of the company’s stock valued at $72,395,000 after buying an additional 15,506 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in Everest Re Group by 27.7% in the second quarter. Alps Advisors Inc. now owns 2,820 shares of the company’s stock valued at $515,000 after buying an additional 612 shares in the last quarter. 93.94% of the stock is owned by hedge funds and other institutional investors.

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