Everest Re Group Director Sells $209,870 in Stock (RE)
Everest Re Group (NYSE:RE) Director Roger M. Singer sold 1,332 shares of Everest Re Group stock on the open market in a transaction dated Friday, August 8th. The shares were sold at an average price of $157.56, for a total value of $209,869.92. Following the transaction, the director now directly owns 8,668 shares in the company, valued at approximately $1,365,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
RE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Everest Re Group in a research note on Monday, July 28th. They now have a $168.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Everest Re Group in a research note on Friday, July 25th. They now have a $169.00 price target on the stock, down previously from $170.00. Finally, analysts at Barclays raised their price target on shares of Everest Re Group from $174.00 to $176.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $168.25.
Shares of Everest Re Group (NYSE:RE) traded up 0.76% on Monday, hitting $160.31. 87,846 shares of the company’s stock traded hands. Everest Re Group has a 52-week low of $132.18 and a 52-week high of $165.65. The stock’s 50-day moving average is $160.8 and its 200-day moving average is $155.0. The company has a market cap of $7.325 billion and a P/E ratio of 6.42.
Everest Re Group (NYSE:RE) last announced its earnings results on Wednesday, July 23rd. The company reported $5.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $5.57 by $0.16. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $5.10 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that Everest Re Group will post $19.10 EPS for the current fiscal year.
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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