Shares of Everest Re Group, Ltd. (NYSE:RE) have been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $246.71.

A number of analysts recently weighed in on the stock. UBS cut their target price on shares of Everest Re Group from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Keefe, Bruyette & Woods upgraded shares of Everest Re Group from an “underperform” rating to a “market perform” rating in a research note on Monday. Barclays upped their target price on shares of Everest Re Group from $299.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th.

Everest Re Group (NYSE:RE) traded down $3.14 during mid-day trading on Thursday, hitting $219.60. 917,215 shares of the company were exchanged, compared to its average volume of 407,100. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33. Everest Re Group has a 12-month low of $207.93 and a 12-month high of $277.17. The stock has a market capitalization of $9,241.09, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 13.14 and a beta of 0.65.

Everest Re Group (NYSE:RE) last released its earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the company posted $6.53 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. sell-side analysts forecast that Everest Re Group will post 1.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be paid a $1.30 dividend. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, November 28th. Everest Re Group’s dividend payout ratio is currently 81.63%.

In related news, Director William F. Galtney, Jr. purchased 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $225.29 per share, for a total transaction of $1,351,740.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in Everest Re Group in the third quarter valued at approximately $1,800,000. Davis Selected Advisers increased its stake in Everest Re Group by 0.8% in the third quarter. Davis Selected Advisers now owns 230,741 shares of the insurance provider’s stock valued at $52,699,000 after purchasing an additional 1,870 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in Everest Re Group in the third quarter valued at approximately $243,000. California Public Employees Retirement System increased its stake in Everest Re Group by 7.0% in the third quarter. California Public Employees Retirement System now owns 142,026 shares of the insurance provider’s stock valued at $32,437,000 after purchasing an additional 9,280 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Everest Re Group in the third quarter valued at approximately $137,000. Institutional investors own 93.69% of the company’s stock.

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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.

Analyst Recommendations for Everest Re Group (NYSE:RE)

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