Wall Street brokerages expect Everest Re Group, Ltd. (NYSE:RE) to post $3.36 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Everest Re Group’s earnings, with the lowest EPS estimate coming in at $1.96 and the highest estimate coming in at $4.75. Everest Re Group posted earnings per share of $6.53 in the same quarter last year, which would suggest a negative year-over-year growth rate of 48.5%. The firm is expected to issue its next quarterly earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Everest Re Group will report full-year earnings of $21.14 per share for the current year, with EPS estimates ranging from $19.95 to $23.55. For the next year, analysts expect that the firm will post earnings of $20.25 per share, with EPS estimates ranging from $17.85 to $21.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Everest Re Group.

Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.24 by $0.27. The business 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 previous year, the firm posted $3.17 EPS.

RE has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Morgan Stanley restated an “equal weight” rating and issued a $259.00 price objective (up previously from $250.00) on shares of Everest Re Group in a research report on Thursday, July 6th. Wells Fargo & Company restated a “hold” rating on shares of Everest Re Group in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, BidaskClub upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Everest Re Group presently has a consensus rating of “Hold” and an average price target of $250.25.

Several hedge funds have recently bought and sold shares of the company. Achmea Investment Management B.V. lifted its position in shares of Everest Re Group by 3.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 11,349 shares of the insurance provider’s stock valued at $2,888,000 after acquiring an additional 425 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of Everest Re Group by 2.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 49,800 shares of the insurance provider’s stock valued at $12,679,000 after acquiring an additional 1,200 shares during the period. USA Financial Portformulas Corp acquired a new stake in shares of Everest Re Group during the 2nd quarter valued at approximately $468,000. Sentry Investment Management LLC acquired a new stake in shares of Everest Re Group during the 2nd quarter valued at approximately $802,000. Finally, Toronto Dominion Bank lifted its position in shares of Everest Re Group by 3,012.3% during the 2nd quarter. Toronto Dominion Bank now owns 13,912 shares of the insurance provider’s stock valued at $3,541,000 after acquiring an additional 13,465 shares during the period. Institutional investors own 92.39% of the company’s stock.

Everest Re Group (RE) opened at 211.94 on Friday. Everest Re Group has a one year low of $183.04 and a one year high of $277.17. The stock has a 50 day moving average price of $259.40 and a 200 day moving average price of $248.92. The firm has a market cap of $8.70 billion, a PE ratio of 7.27 and a beta of 0.64.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.36%. Everest Re Group’s payout ratio is 17.15%.

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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.

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

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