Everest Re Group Hits New 52-Week High at $162.18 (RE)
Everest Re Group (NYSE:RE) reached a new 52-week high during mid-day trading on Wednesday , AmericanBankingNews.com reports. The company traded as high as $162.18 and last traded at $160.41, with a volume of 126,874 shares trading hands. The stock had previously closed at $161.38.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Everest Re Group in a research note on Wednesday, April 2nd. They now have a $144.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $161.25.
The stock has a 50-day moving average of $157.8 and a 200-day moving average of $152.1. The company has a market cap of $7.400 billion and a P/E ratio of 6.70.
Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $5.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $5.33 by $0.60. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $5.88 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Everest Re Group will post $18.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, June 2nd.
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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