Everest Re Group, Ltd. (NYSE:RE) – Langen Mcalenn issued their Q3 2017 earnings estimates for Everest Re Group in a note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg forecasts that the insurance provider will earn $1.90 per share for the quarter. Langen Mcalenn also issued estimates for Everest Re Group’s Q4 2017 earnings at $6.27 EPS, Q1 2018 earnings at $4.82 EPS, Q2 2018 earnings at $4.59 EPS, Q3 2018 earnings at $1.63 EPS and Q4 2018 earnings at $6.66 EPS.

Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Monday, July 24th. The insurance provider reported $5.51 EPS for the quarter, beating the consensus estimate of $5.24 by $0.27. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Everest Re Group had a return on equity of 13.60% and a net margin of 19.65%. During the same quarter in the prior year, the firm posted $3.17 EPS.

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Several other equities research analysts also recently issued reports on the stock. Deutsche Bank AG restated a “buy” rating and set a $262.00 price objective (up from $240.00) on shares of Everest Re Group in a research report on Saturday, April 29th. 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 report on Tuesday, April 18th. Wells Fargo & Company restated a “hold” rating on shares of Everest Re Group in a research report on Monday, April 24th. Barclays PLC raised their price objective on shares of Everest Re Group from $269.00 to $299.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 25th. Finally, ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $248.71.

Everest Re Group (NYSE:RE) opened at 260.02 on Thursday. Everest Re Group has a 12-month low of $183.04 and a 12-month high of $273.55. The firm has a 50-day moving average price of $259.83 and a 200 day moving average price of $241.64. The firm has a market cap of $10.68 billion, a PE ratio of 9.70 and a beta of 0.63.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in Everest Re Group by 4,778.3% in the first quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock worth $914,021,000 after buying an additional 3,829,110 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Everest Re Group during the first quarter worth $69,686,000. AQR Capital Management LLC increased its stake in Everest Re Group by 28.9% in the first quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock worth $301,566,000 after buying an additional 289,351 shares during the last quarter. WINTON GROUP Ltd increased its stake in Everest Re Group by 126.4% in the first quarter. WINTON GROUP Ltd now owns 186,030 shares of the insurance provider’s stock worth $35,340,000 after buying an additional 103,847 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Everest Re Group by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,052,626 shares of the insurance provider’s stock worth $713,734,000 after buying an additional 93,473 shares during the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.

About Everest Re Group

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.

Earnings History and Estimates for Everest Re Group (NYSE:RE)

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