Analysts expect that Everest Re Group, Ltd. (NYSE:RE) will announce sales of $1.70 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Everest Re Group’s earnings, with estimates ranging from $1.63 billion to $1.78 billion. Everest Re Group posted sales of $1.57 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is scheduled to issue its next earnings results on Monday, February 5th.

On average, analysts expect that Everest Re Group will report full-year sales of $1.70 billion for the current fiscal year, with estimates ranging from $6.18 billion to $6.43 billion. For the next financial year, analysts forecast that the company will report sales of $6.84 billion per share, with estimates ranging from $6.74 billion to $6.93 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Everest Re Group.

Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported ($16.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). The business 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 company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.53 earnings per share.

A number of equities research analysts recently issued reports on the stock. UBS decreased their price objective on shares of Everest Re Group from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $216.00 price objective on shares of Everest Re Group in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Everest Re Group from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. ValuEngine raised shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Wells Fargo & Company set a $240.00 target price on shares of Everest Re Group and gave the stock a “hold” rating in a research report on Monday, October 30th. One investment 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’s stock. The company has an average rating of “Hold” and a consensus target price of $250.56.

In related news, Director William F. Galtney, Jr. acquired 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $225.29 per share, with a total value of $1,351,740.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of Everest Re Group by 12.0% during the third quarter. Toronto Dominion Bank now owns 15,579 shares of the insurance provider’s stock valued at $3,558,000 after buying an additional 1,667 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Everest Re Group during the second quarter valued at about $7,256,000. Stifel Financial Corp raised its position in shares of Everest Re Group by 32.1% during the second quarter. Stifel Financial Corp now owns 10,755 shares of the insurance provider’s stock valued at $2,740,000 after buying an additional 2,611 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Everest Re Group in the second quarter worth about $1,451,000. Finally, Swiss National Bank raised its position in Everest Re Group by 2.9% in the second quarter. Swiss National Bank now owns 148,975 shares of the insurance provider’s stock worth $37,928,000 after purchasing an additional 4,200 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Shares of Everest Re Group (NYSE RE) traded up $2.35 during trading hours on Wednesday, reaching $219.82. 793,700 shares of the company were exchanged, compared to its average volume of 413,774. The company has a market capitalization of $8,931.42, a PE ratio of 51.78, a PEG ratio of 12.70 and a beta of 0.61. Everest Re Group has a 12-month low of $208.81 and a 12-month high of $277.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33.

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

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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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