Everest Re Group (NYSE:RE)‘s stock had its “hold” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday. They presently have a $234.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 10.87% from the stock’s previous close.

A number of other research firms have also weighed in on RE. Barclays upped their price target on shares of Everest Re Group from $299.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Wells Fargo & Company set a $240.00 price target on shares of Everest Re Group and gave the stock a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Everest Re Group from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, UBS upped their price target on shares of Everest Re Group from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $250.56.

Shares of Everest Re Group (NYSE RE) traded down $1.09 during mid-day trading on Wednesday, reaching $211.06. 626,476 shares of the company’s stock were exchanged, compared to its average volume of 409,511. The stock has a market capitalization of $8,770.84, a PE ratio of 50.85, a P/E/G ratio of 12.47 and a beta of 0.61. Everest Re Group has a twelve month low of $209.22 and a twelve month high of $277.17. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.

Everest Re Group (NYSE:RE) last posted its quarterly 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). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.53 earnings per share. sell-side analysts predict that Everest Re Group will post 1.71 earnings per share for the current year.

In related news, Director William F. Galtney, Jr. bought 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $225.29 per share, for a total transaction of $1,351,740.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its position in shares of Everest Re Group by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 500 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 200 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Everest Re Group during the third quarter worth $137,000. Pacer Advisors Inc. bought a new position in shares of Everest Re Group during the second quarter worth $160,000. IFP Advisors Inc boosted its position in shares of Everest Re Group by 29.1% during the second quarter. IFP Advisors Inc now owns 657 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 148 shares during the last quarter. Finally, ETRADE Capital Management LLC bought a new position in shares of Everest Re Group during the second quarter worth $201,000. Hedge funds and other institutional investors own 93.68% 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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