Everest Re Group Sets New 52-Week High at $166.56 (RE)
Everest Re Group (NYSE:RE) shares hit a new 52-week high during trading on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $166.56 and last traded at $165.46, with a volume of 168,117 shares traded. The stock had previously closed at $163.84.
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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Everest Re Group presently has an average rating of “Hold” and an average target price of $168.25.
The stock has a 50-day moving average of $161.3 and a 200-day moving average of $157.. The company has a market cap of $7.524 billion and a P/E ratio of 6.61.
Everest Re Group (NYSE:RE) last posted its quarterly 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. On average, analysts predict that Everest Re Group will post $19.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, August 25th.
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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