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NYSE:RE

Everest Re Group (RE) Stock Forecast, Price & News

$344.59
+2.94 (+0.86%)
(As of 05:33 PM ET)
Compare
Today's Range
$340.24
$346.20
50-Day Range
$339.43
$387.10
52-Week Range
$244.57
$394.99
Volume
332,141 shs
Average Volume
341,229 shs
Market Capitalization
$13.54 billion
P/E Ratio
20.44
Dividend Yield
1.92%
Price Target
$410.60

Everest Re Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
19.2% Upside
$410.60 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.76
Upright™ Environmental Score
News Sentiment
0.51mentions of Everest Re Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.67%
From $43.69 to $55.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Finance Sector

143rd out of 862 stocks

Fire, Marine, & Casualty Insurance Industry

12th out of 45 stocks


RE stock logo

About Everest Re Group (NYSE:RE) Stock

Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through the following segments: Reinsurance, and Insurance. The Reinsurance segment writes property and casualty reinsurance and specialty lines of business, including marine, aviation, surety, and accident and health business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S. The Insurance segment writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Canada, and Europe. The company was founded in 1999 and is headquartered in Hamilton, Bermuda.

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RE Stock News Headlines

Expert Ratings for Everest Re Group
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Everest Re Group (NYSE:RE) Shares Down 3.9%
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Everest Re Group (NYSE:RE) Shares Gap Down to $378.40
Everest Re Group Ltd (E1VE34)
Wells Fargo Keeps Their Buy Rating on Everest Re (RE)
Everest Reinsurance Group earnings: here's what Wall Street expects
Everest Re Group (RE) to Release Quarterly Earnings on Monday
See More Headlines

RE Price History

RE Company Calendar

Ex-Dividend for 3/30 Dividend
3/15/2023
Dividend Payable
3/30/2023
Last Earnings
5/01/2023
Ex-Dividend for 6/16 Dividend
5/30/2023
Today
6/09/2023
Dividend Payable
6/16/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Reinsurance
Sector
Finance
CUSIP
G3223R10
Employees
2,428
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$410.60
High Stock Price Forecast
$468.00
Low Stock Price Forecast
$345.00
Forecasted Upside/Downside
+19.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$597 million
Pretax Margin
5.57%

Debt

Sales & Book Value

Annual Sales
$12.06 billion
Cash Flow
$28.25 per share
Book Value
$215.52 per share

Miscellaneous

Free Float
38,725,000
Market Cap
$13.54 billion
Optionable
Optionable
Beta
0.61

Social Links


Key Executives

  • Juan C. Andrade
    President, Chief Executive Officer & Director
  • Jim Williamson
    Chief Operating Officer & Executive Vice President
  • Mark Kociancic
    Chief Financial Officer & Executive Vice President
  • Srini Maddineni
    Chief Information Officer
  • Ronald D. Diaz
    Executive Vice President & Head-International













RE Stock - Frequently Asked Questions

Should I buy or sell Everest Re Group stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Everest Re Group in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RE shares.
View RE analyst ratings
or view top-rated stocks.

What is Everest Re Group's stock price forecast for 2023?

5 brokerages have issued 1-year target prices for Everest Re Group's shares. Their RE share price forecasts range from $345.00 to $468.00. On average, they predict the company's share price to reach $410.60 in the next year. This suggests a possible upside of 19.2% from the stock's current price.
View analysts price targets for RE
or view top-rated stocks among Wall Street analysts.

How have RE shares performed in 2023?

Everest Re Group's stock was trading at $331.27 at the start of the year. Since then, RE shares have increased by 4.0% and is now trading at $344.59.
View the best growth stocks for 2023 here
.

Are investors shorting Everest Re Group?

Everest Re Group saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 397,300 shares, a drop of 15.7% from the April 30th total of 471,300 shares. Based on an average daily volume of 355,200 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.4% of the company's shares are sold short.
View Everest Re Group's Short Interest
.

When is Everest Re Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RE earnings forecast
.

How were Everest Re Group's earnings last quarter?

Everest Re Group, Ltd. (NYSE:RE) released its earnings results on Monday, May, 1st. The insurance provider reported $11.31 earnings per share for the quarter, missing analysts' consensus estimates of $12.48 by $1.17. The insurance provider earned $3.33 billion during the quarter, compared to the consensus estimate of $3.10 billion. Everest Re Group had a trailing twelve-month return on equity of 12.98% and a net margin of 5.34%. The company's quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $10.31 EPS.
Read the conference call transcript
.

How often does Everest Re Group pay dividends? What is the dividend yield for Everest Re Group?

Everest Re Group declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $1.65 per share on Friday, June 16th. This represents a $6.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for RE
.

Is Everest Re Group a good dividend stock?

Everest Re Group (NYSE:RE) pays an annual dividend of $6.60 per share and currently has a dividend yield of 1.89%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 11.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RE.

What is Juan Andrade's approval rating as Everest Re Group's CEO?

1 employees have rated Everest Re Group Chief Executive Officer Juan Andrade on Glassdoor.com. Juan Andrade has an approval rating of 100% among the company's employees. This puts Juan Andrade in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Everest Re Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Everest Re Group investors own include Johnson & Johnson (JNJ), Home Depot (HD), AbbVie (ABBV), UnitedHealth Group (UNH), Exxon Mobil (XOM), Bank of America (BAC), iShares Biotechnology ETF (IBB), Northrop Grumman (NOC), Phillips 66 (PSX) and Adobe (ADBE).

What is Everest Re Group's stock symbol?

Everest Re Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RE."

Who are Everest Re Group's major shareholders?

Everest Re Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.49%), State Street Corp (4.50%), Boston Partners (4.13%), Envestnet Asset Management Inc. (4.07%), Victory Capital Management Inc. (2.67%) and Franklin Resources Inc. (2.64%). Insiders that own company stock include John A Weber, John P Doucette, Sanjoy Mukherjee and William F Galtney Jr.
View institutional ownership trends
.

How do I buy shares of Everest Re Group?

Shares of RE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Everest Re Group's stock price today?

One share of RE stock can currently be purchased for approximately $344.59.

How much money does Everest Re Group make?

Everest Re Group (NYSE:RE) has a market capitalization of $13.54 billion and generates $12.06 billion in revenue each year. The insurance provider earns $597 million in net income (profit) each year or $16.86 on an earnings per share basis.

How many employees does Everest Re Group have?

The company employs 2,428 workers across the globe.

How can I contact Everest Re Group?

Everest Re Group's mailing address is 141 Front Street, HAMILTON D0, HM 19. The official website for the company is www.everestre.com. The insurance provider can be reached via phone at (441) 295-0006, via email at investor.relations@everestre.com, or via fax at 441-295-4828.

This page (NYSE:RE) was last updated on 6/9/2023 by MarketBeat.com Staff

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