Everest Re Group Ltd. Reaches New 12-Month High at $142.00 (RE)
Everest Re Group (NYSE:RE)’s share price reached a new 52-week high on Monday, Stock Ratings Network.com reports. The company traded as high as $142.00 and last traded at $141.89, with a volume of 292,169 shares traded. The stock had previously closed at $139.02.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Everest Re Group (NYSE:RE) in a research note to investors on Friday, August 30th. They now have a $165.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Everest Re Group (NYSE:RE) from $129.00 to $141.00 in a research note to investors on Thursday, July 25th. They now have an “equal weight” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Everest Re Group (NYSE:RE) from $145.00 to $150.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock.
Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $145.60.
Everest Re Group has a 1-year low of $101.66 and a 1-year high of $142.00. The stock’s 50-day moving average is $136.6 and its 200-day moving average is $130.9. The company has a market cap of $6.888 billion and a P/E ratio of 7.34.
Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $5.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $4.21 by $0.89. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $4.25 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Everest Re Group will post $18.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 18th. Stockholders of record on Wednesday, August 28th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, August 26th.
Everest Re Group, Ltd. through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets.
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