FY2017 EPS Estimates for Everest Re Group, Ltd. Lifted by Analyst (RE)
Everest Re Group, Ltd. (NYSE:RE) – Investment analysts at Langen Mcalenn upped their FY2017 earnings estimates for Everest Re Group in a research note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $19.69 per share for the year, up from their previous forecast of $19.55. Langen Mcalenn also issued estimates for Everest Re Group’s FY2018 earnings at $17.70 EPS.
Everest Re Group (NYSE:RE) last announced its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.24 by $0.27. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Everest Re Group had a net margin of 19.65% and a return on equity of 13.78%. During the same period last year, the business earned $3.17 EPS. TRADEMARK VIOLATION WARNING: “FY2017 EPS Estimates for Everest Re Group, Ltd. Lifted by Analyst (RE)” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/26/fy2017-eps-estimates-for-everest-re-group-ltd-lifted-by-analyst-re.html.
A number of other brokerages have also recently issued reports on RE. Wells Fargo & Company restated a “hold” rating on shares of Everest Re Group in a research note on Monday. BidaskClub upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $263.00 price objective for the company in a research note on Tuesday, April 18th. Finally, Barclays PLC increased their price objective on shares of Everest Re Group from $269.00 to $299.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $248.71.
Shares of Everest Re Group (NYSE RE) traded down 0.7535% on Wednesday, reaching $264.7202. 65,388 shares of the company’s stock traded hands. The firm has a market capitalization of $10.87 billion, a P/E ratio of 9.8787 and a beta of 0.63. The company’s 50-day moving average is $259.25 and its 200-day moving average is $241.16. Everest Re Group has a 52 week low of $183.04 and a 52 week high of $273.55.
Large investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in Everest Re Group by 23.1% in the first quarter. Toronto Dominion Bank now owns 447 shares of the insurance provider’s stock valued at $104,000 after buying an additional 84 shares during the last quarter. IFP Advisors Inc raised its stake in Everest Re Group by 1.6% in the first quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock valued at $119,000 after buying an additional 8 shares during the last quarter. Assetmark Inc. purchased a new stake in Everest Re Group during the first quarter valued at $142,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Everest Re Group during the first quarter valued at $200,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in Everest Re Group during the first quarter valued at $204,000. 92.49% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP John P. Doucette sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $256.03, for a total value of $256,030.00. Following the sale, the vice president now owns 21,834 shares of the company’s stock, valued at approximately $5,590,159.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Everest Re Group Company Profile
Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies.
Receive News & Ratings for Everest Re Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Re Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.