About Everest Re Group (NYSE:RE)
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. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage's, including marine, aviation, surety, errors and omissions liability (E&O), directors' and officers' liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers' compensation. Its subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re) and Everest International Reinsurance, Ltd.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Property & Casualty Reinsurance
- Sub-Industry: Reinsurance
- Symbol: NYSE:RE
- CUSIP: G3223R10
- Web: www.everestregroup.com
- Market Cap: $9.71862 billion
- Outstanding Shares: 41,063,000
- 50 Day Moving Avg: $228.87
- 200 Day Moving Avg: $247.55
- 52 Week Range: $192.75 - $277.17
Sales & Book Value:
- Trailing P/E Ratio: 8.12
- Foreward P/E Ratio: 12.00
- P/E Growth: -50.18
- Annual Revenue: $6.14 billion
- Price / Sales: 1.58
- Book Value: $209.05 per share
- Price / Book: 1.13
- Annual Dividend: $5.00
- Dividend Yield: 2.1%
- Net Margins: 19.65%
- Return on Equity: 13.60%
- Return on Assets: 5.12%
- Debt-to-Equity Ratio: 0.07%
- Current Ratio: 0.30%
- Quick Ratio: 0.30%
- Average Volume: 498,528 shs.
- Beta: 0.62
- Short Ratio: 3.52
Frequently Asked Questions for Everest Re Group (NYSE:RE)
What is Everest Re Group's stock symbol?
Everest Re Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RE."
How often does Everest Re Group pay dividends? What is the dividend yield for Everest Re Group?
Everest Re Group announced a quarterly dividend on Wednesday, August 23rd. Shareholders of record on Wednesday, September 6th will be paid a dividend of $1.25 per share on Wednesday, September 20th. This represents a $5.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, September 1st. View Everest Re Group's Dividend History.
How were Everest Re Group's earnings last quarter?
Everest Re Group, Ltd. (NYSE:RE) released its quarterly earnings data on Monday, July, 24th. The company reported $5.51 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $5.24 by $0.27. The business earned $1.50 billion during the quarter, compared to the consensus estimate 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 period last year, the business earned $3.17 earnings per share. View Everest Re Group's Earnings History.
When will Everest Re Group make its next earnings announcement?
Where is Everest Re Group's stock going? Where will Everest Re Group's stock price be in 2017?
8 equities research analysts have issued 1 year target prices for Everest Re Group's shares. Their predictions range from $186.00 to $280.00. On average, they expect Everest Re Group's stock price to reach $238.14 in the next year. View Analyst Ratings for Everest Re Group.
What are analysts saying about Everest Re Group stock?
Here are some recent quotes from research analysts about Everest Re Group stock:
- 1. According to Zacks Investment Research, "Shares of Everest Re underperformed the industry year to date. The insurer also witnessed its 2017 and 2018 estimates moving south over the last 60 days. Further, a competitive reinsurance market and exposure to catastrophe events infusing underwriting volatility remain headwinds. The compnay expects to incur $1.2 billion in catastrophe losses in the third quarter. Nonetheless, Everest Re Group has substantially benefited from its global presence, product diversification, capital adequacy, financial flexibility and traditional risk management capabilities. It is divesting underperforming business and strengthening reserves. Banking on favorable operational performance the company enjoys disciplined capital management strategy and strong capital balance position. " (10/13/2017)
- 2. Wells Fargo & Company analysts commented, "We do not expect much movement in the shares to the beat given the strong performance of the stock this year. Significant premium growth in insurance and reinsurance. Gross premiums rose 17.5%, higher than our 4.2% estimate, but lower than 18.3% in Q1 (14% ex a $60 million true-up). Reinsurance was +13.7%, higher than our 9.1% estimate, but lower than 19.4% in Q1 (or 13% ex the true-up) driven by crop shifting to the reinsurance side, gaining share on property pro-rata covers, and financial lines. In reinsurance, Everest saw strong growth in the U.S. and Bermuda, while International declined. The level of reinsurance growth continues to stand out given the price declines. Insurance was +40.6% ex crop, well in excess of our 22.0% growth estimate, and +21% in Q1, as RE continues to build out its newer initiatives. Combined ratio saw higher cats than we had modeled and a weaker underlying margin. The combined ratio was 90.5%, higher than our 87.5% estimate due to a higher cat load and weaker underlying margin. Cat losses came in at $53.5 million, higher than our $30.0 million estimate. RE saw virtually no net prior year reserve development (as a modest level of releases in reinsurance was offset by strengthening in insurance). We had modeled $2.0 million of favorable reserve development." (7/24/2017)
Who are some of Everest Re Group's key competitors?
Some companies that are related to Everest Re Group include Citizens Financial Group (CFG), Cielo SA (CIOXY), Boston Properties (BXP), Erste Group Bank AG (EBKDY), Regions Financial Corporation (RF), Essex Property Trust (ESS), Lincoln National Corporation (LNC), National Bank of Canada (NTIOF), Credicorp (BAP), Loews Corporation (L), First Republic Bank (FRC), Huntington Bancshares Incorporated (HBAN), Banco De Chile (BCH), Realty Income Corporation (O), Invesco PLC (IVZ), Hannover Ruck SE (HVRRY), Markel Corporation (MKL) and Host Hotels & Resorts (HST).
Who are Everest Re Group's key executives?
Everest Re Group's management team includes the folowing people:
- Joseph V. Taranto, Chairman of the Board
- Dominic James Addesso CPA, President, Chief Executive Officer, Director
- Craig W. Howie, Chief Financial Officer, Executive Vice President
- John P. Doucette, President and Chief Executive Officer of the Reinsurance Division
- Sanjoy Mukherjee, Executive Vice President, General Counsel, Secretary, Managing Director, Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd
- Jonathan M. Zaffino, Executive Vice President, President - North America Insurance Division
- William F. Galtney Jr., Lead Independent Director
- John J. Amore, Independent Director
- John Arthur Graf, Independent Director
- Gerri Losquadro, Independent Director
Who owns Everest Re Group stock?
Everest Re Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (2.51%), Robeco Institutional Asset Management B.V. (1.46%), PGGM Investments (0.31%), Shell Asset Management Co. (0.13%), LS Investment Advisors LLC (0.13%) and Denali Advisors LLC (0.11%). Company insiders that own Everest Re Group stock include John A Weber, John P Doucette, John R Dunne and Saram Mark S De. View Institutional Ownership Trends for Everest Re Group.
Who sold Everest Re Group stock? Who is selling Everest Re Group stock?
Everest Re Group's stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Meeder Asset Management Inc., Mutual of America Capital Management LLC and State Treasurer State of Michigan. Company insiders that have sold Everest Re Group stock in the last year include John A Weber, John P Doucette and John R Dunne. View Insider Buying and Selling for Everest Re Group.
Who bought Everest Re Group stock? Who is buying Everest Re Group stock?
Everest Re Group's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., PGGM Investments, Shell Asset Management Co., Robeco Institutional Asset Management B.V., Wealth Enhancement Advisory Services LLC, FormulaFolio Investments LLC, LS Investment Advisors LLC and Foster & Motley Inc.. View Insider Buying and Selling for Everest Re Group.
How do I buy Everest Re Group stock?
Shares of Everest Re Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Everest Re Group's stock price today?
MarketBeat Community Rating for Everest Re Group (NYSE RE)MarketBeat's community ratings are surveys of what our community members think about Everest Re Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Everest Re Group stock can currently be purchased for approximately $236.67.
Consensus Ratings for Everest Re Group (NYSE:RE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 4 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$238.14 (0.62% upside)|Consensus Price Target History for Everest Re Group (NYSE:RE)
Analysts' Ratings History for Everest Re Group (NYSE:RE)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/16/2017||Barclays PLC||Lower Price Target||Overweight||$305.00 -> $280.00||N/A|
|10/13/2017||Keefe, Bruyette & Woods||Reiterated Rating||Sell||$230.00||N/A|
|9/11/2017||Buckingham Research||Initiated Coverage||Neutral -> Neutral||$255.00||Low|
|7/24/2017||Wells Fargo & Company||Reiterated Rating||Hold||High|
|7/6/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$250.00 -> $259.00||Low|
|4/29/2017||Deutsche Bank AG||Reiterated Rating||Buy||$240.00 -> $262.00||Low|
|1/17/2017||Macquarie||Downgrade||Neutral -> Underperform||$186.00||N/A|
|11/15/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Sell -> Neutral||$166.00 -> $195.00||N/A|
Earnings History for Everest Re Group (NYSE:RE)Earnings History by Quarter for Everest Re Group (NYSE RE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/24/2017||6/30/2017||$5.24||$5.51||$1.46 billion||$1.50 billion||View||N/A|
|4/24/2017||3/31/2017||$5.35||$6.29||$1.41 billion||$1.43 billion||View||N/A|
|2/6/2017||Q416||$3.56||$8.83||$1.32 billion||$1.61 billion||View||Listen|
|10/24/2016||Q316||$3.24||$6.53||$1.32 billion||$1.51 billion||View||Listen|
|7/25/2016||Q216||$2.85||$3.17||$1.30 billion||$1.43 billion||View||Listen|
|4/25/2016||Q116||$5.57||$5.19||$1.34 billion||$1.24 billion||View||Listen|
|2/3/2016||Q415||$5.26||$8.17||$1.33 billion||$1.56 billion||View||Listen|
|10/26/2015||Q315||$4.02||$4.53||$1.45 billion||$1.55 billion||View||Listen|
|7/27/2015||Q215||$5.67||$5.03||$1.33 billion||$1.33 billion||View||Listen|
|4/27/2015||Q115||$5.11||$7.34||$1.31 billion||$1.31 billion||View||Listen|
|2/4/2015||Q414||$4.77||$7.28||$1.32 billion||$1.52 billion||View||Listen|
|10/23/2014||Q314||$4.79||$6.12||$1.31 billion||$1.54 billion||View||Listen|
|7/23/2014||Q214||$5.57||$5.41||$1.28 billion||$1.27 billion||View||Listen|
|4/23/2014||Q114||$5.33||$5.93||$1.24 billion||$1.14 billion||View||Listen|
|2/6/2014||Q413||$4.50||$6.28||$1.25 billion||$1.52 billion||View||Listen|
|10/24/2013||Q313||$4.76||$4.20||$1.31 billion||$1.40 billion||View||Listen|
|7/23/2013||Q2 2013||$4.21||$5.10||$1.08 billion||$1.15 billion||View||Listen|
|4/23/2013||Q1 2013||$4.37||$5.88||$1.05 million||$1.09 billion||View||Listen|
|2/6/2013||Q4 2012||$0.47||$0.80||$1.06 billion||$1.12 billion||View||Listen|
Earnings Estimates for Everest Re Group (NYSE:RE)
2017 EPS Consensus Estimate: $19.01
2018 EPS Consensus Estimate: $17.67
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Everest Re Group (NYSE:RE)
|Most Recent Dividend:||9/20/2017|
|Dividend Growth:||29.00% (3 Year Average)|
|Payout Ratio:||17.15% (Trailing 12 Months of Earnings) |
239.23% (Based on This Year's Estimates)
25.34% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Everest Re Group (NYSE RE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Everest Re Group (NYSE:RE)
Insider Ownership Percentage: 1.30%Insider Trades by Quarter for Everest Re Group (NYSE:RE)
Institutional Ownership Percentage: 92.25%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/27/2017||John P Doucette||VP||Sell||1,000||$256.03||$256,030.00|| |
|3/20/2017||John R Dunne||Director||Sell||500||$234.75||$117,375.00|| |
|2/9/2017||John A Weber||Director||Sell||4,000||$228.00||$912,000.00|| |
|9/13/2016||John R Dunne||Director||Sell||200||$190.03||$38,006.00|| |
|8/3/2016||John P Doucette||VP||Sell||1,840||$189.84||$349,305.60|| |
|4/6/2016||John R Dunne||Director||Sell||600||$195.00||$117,000.00|| |
|2/16/2016||John R Dunne||Director||Sell||100||$184.94||$18,494.00|| |
|2/12/2016||John P. Doucette||VP||Sell||1,587||$185.76||$294,801.12|| |
|2/9/2016||Saram Mark S De||EVP||Sell||1,000||$188.12||$188,120.00|| |
|8/26/2015||William F Galtney Jr||Director||Buy||10,000||$169.75||$1,697,500.00|| |
|2/20/2015||John P Doucette||VP||Sell||1,000||$177.96||$177,960.00|| |
|2/5/2015||Saram Mark S De||EVP||Sell||3,000||$180.00||$540,000.00|| |
|11/20/2014||Saram Mark S De||EVP||Sell||2,000||$174.00||$348,000.00|| |
|11/5/2014||Saram Mark S De||EVP||Sell||2,000||$172.00||$344,000.00|| |
|10/30/2014||John P Doucette||VP||Sell||1,600||$169.28||$270,848.00|| |
|10/30/2014||Saram Mark S De||EVP||Sell||2,000||$169.50||$339,000.00|| |
|10/28/2014||Saram Mark S De||EVP||Sell||2,000||$167.00||$334,000.00|| |
|8/13/2014||Lawrence Tomchin||Director||Sell||5,000||$94.15||$470,750.00|| |
|8/8/2014||Roger M Singer||Director||Sell||1,332||$157.56||$209,869.92|| |
|7/14/2014||Saram Mark S De||EVP||Sell||2,000||$165.00||$330,000.00|| |
|5/1/2014||Saram Mark De||EVP||Sell||1,683||$158.68||$267,058.44|| |
|4/30/2014||Joseph Taranto||Chairman||Sell||33,500||$156.79||$5,252,465.00|| |
|4/29/2014||Joseph Taranto||Chairman||Sell||35,810||$157.67||$5,646,162.70|| |
|4/28/2014||John Weber||Director||Sell||6,000||$158.20||$949,200.00|| |
|4/23/2014||Saram Mark De||EVP||Sell||2,000||$159.50||$319,000.00|| |
|4/17/2014||Saram Mark De||EVP||Sell||2,000||$158.00||$316,000.00|| |
|4/15/2014||Saram Mark De||EVP||Sell||2,000||$156.00||$312,000.00|| |
Headline Trends for Everest Re Group (NYSE:RE)
Latest Headlines for Everest Re Group (NYSE:RE)
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Everest Re Group (RE) Chart for Sunday, October, 22, 2017