Everest Re Group Company Profile (NYSE:RE)

About Everest Re Group (NYSE:RE)

Everest Re Group logoEverest 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
Average Prices:
  • 50 Day Moving Avg: $228.87
  • 200 Day Moving Avg: $247.55
  • 52 Week Range: $192.75 - $277.17
  • Trailing P/E Ratio: 8.12
  • Foreward P/E Ratio: 12.00
  • P/E Growth: -50.18
Sales & Book Value:
  • 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?

Everest Re Group is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Everest Re Group.

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?

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?

One share of Everest Re Group stock can currently be purchased for approximately $236.67.

MarketBeat Community Rating for Everest Re Group (NYSE RE)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  136 (Vote Outperform)
Underperform Votes:  206 (Vote Underperform)
Total Votes:  342
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.

Analyst Ratings

Consensus Ratings for Everest Re Group (NYSE:RE) (How are Consensus Ratings Calculated?)
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)
Price Target History for Everest Re Group (NYSE:RE)
Analysts' Ratings History for Everest Re Group (NYSE:RE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/16/2017Barclays PLCLower Price TargetOverweight$305.00 -> $280.00N/AView Rating Details
10/13/2017Keefe, Bruyette & WoodsReiterated RatingSell$230.00N/AView Rating Details
9/11/2017Buckingham ResearchInitiated CoverageNeutral -> Neutral$255.00LowView Rating Details
7/24/2017Wells Fargo & CompanyReiterated RatingHoldHighView Rating Details
7/6/2017Morgan StanleyReiterated RatingEqual Weight$250.00 -> $259.00LowView Rating Details
4/29/2017Deutsche Bank AGReiterated RatingBuy$240.00 -> $262.00LowView Rating Details
1/17/2017MacquarieDowngradeNeutral -> Underperform$186.00N/AView Rating Details
11/15/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$166.00 -> $195.00N/AView Rating Details
(Data available from 10/22/2015 forward)


Earnings History for Everest Re Group (NYSE:RE)
Earnings by Quarter for Everest Re Group (NYSE:RE)
Earnings History by Quarter for Everest Re Group (NYSE RE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/23/2017$3.68N/AView Earnings Details
7/24/20176/30/2017$5.24$5.51$1.46 billion$1.50 billionViewN/AView Earnings Details
4/24/20173/31/2017$5.35$6.29$1.41 billion$1.43 billionViewN/AView Earnings Details
2/6/2017Q416$3.56$8.83$1.32 billion$1.61 billionViewListenView Earnings Details
10/24/2016Q316$3.24$6.53$1.32 billion$1.51 billionViewListenView Earnings Details
7/25/2016Q216$2.85$3.17$1.30 billion$1.43 billionViewListenView Earnings Details
4/25/2016Q116$5.57$5.19$1.34 billion$1.24 billionViewListenView Earnings Details
2/3/2016Q415$5.26$8.17$1.33 billion$1.56 billionViewListenView Earnings Details
10/26/2015Q315$4.02$4.53$1.45 billion$1.55 billionViewListenView Earnings Details
7/27/2015Q215$5.67$5.03$1.33 billion$1.33 billionViewListenView Earnings Details
4/27/2015Q115$5.11$7.34$1.31 billion$1.31 billionViewListenView Earnings Details
2/4/2015Q414$4.77$7.28$1.32 billion$1.52 billionViewListenView Earnings Details
10/23/2014Q314$4.79$6.12$1.31 billion$1.54 billionViewListenView Earnings Details
7/23/2014Q214$5.57$5.41$1.28 billion$1.27 billionViewListenView Earnings Details
4/23/2014Q114$5.33$5.93$1.24 billion$1.14 billionViewListenView Earnings Details
2/6/2014Q413$4.50$6.28$1.25 billion$1.52 billionViewListenView Earnings Details
10/24/2013Q313$4.76$4.20$1.31 billion$1.40 billionViewListenView Earnings Details
7/23/2013Q2 2013$4.21$5.10$1.08 billion$1.15 billionViewListenView Earnings Details
4/23/2013Q1 2013$4.37$5.88$1.05 million$1.09 billionViewListenView Earnings Details
2/6/2013Q4 2012$0.47$0.80$1.06 billion$1.12 billionViewListenView Earnings Details
10/24/2012$3.44$4.05ViewN/AView Earnings Details
7/25/2012$3.77$4.25ViewN/AView Earnings Details
4/25/2012$3.47$4.48ViewN/AView Earnings Details
10/26/2011$2.08$2.70ViewN/AView Earnings Details
7/27/2011$2.49$2.46ViewN/AView Earnings Details
4/27/2011($5.83)($5.95)ViewN/AView Earnings Details
2/9/2011$2.97$4.70ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Everest Re Group (NYSE:RE)
2017 EPS Consensus Estimate: $19.01
2018 EPS Consensus Estimate: $17.67
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$4.90$5.62$5.26
Q2 20172$4.95$5.10$5.03
Q3 20172$1.96$2.86$2.41
Q4 20172$6.25$6.38$6.32
Q1 20181$4.82$4.82$4.82
Q2 20181$4.59$4.59$4.59
Q3 20181$1.71$1.71$1.71
Q4 20181$6.55$6.55$6.55
(Data provided by Zacks Investment Research)


Current Dividend Information for Everest Re Group (NYSE:RE)
Most Recent Dividend:9/20/2017
Annual Dividend:$5.00
Dividend Yield:2.11%
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 Payments by Quarter for Everest Re Group (NYSE:RE)

Dividend History by Quarter for Everest Re Group (NYSE RE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Everest Re Group (NYSE:RE)
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 92.25%
Insider Trades by Quarter for Everest Re Group (NYSE:RE)
Institutional Ownership by Quarter for Everest Re Group (NYSE:RE)
Insider Trades by Quarter for Everest Re Group (NYSE:RE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/27/2017John P DoucetteVPSell1,000$256.03$256,030.00View SEC Filing  
3/20/2017John R DunneDirectorSell500$234.75$117,375.00View SEC Filing  
2/9/2017John A WeberDirectorSell4,000$228.00$912,000.00View SEC Filing  
9/13/2016John R DunneDirectorSell200$190.03$38,006.00View SEC Filing  
8/3/2016John P DoucetteVPSell1,840$189.84$349,305.60View SEC Filing  
4/6/2016John R DunneDirectorSell600$195.00$117,000.00View SEC Filing  
2/16/2016John R DunneDirectorSell100$184.94$18,494.00View SEC Filing  
2/12/2016John P. DoucetteVPSell1,587$185.76$294,801.12View SEC Filing  
2/9/2016Saram Mark S DeEVPSell1,000$188.12$188,120.00View SEC Filing  
8/26/2015William F Galtney JrDirectorBuy10,000$169.75$1,697,500.00View SEC Filing  
2/20/2015John P DoucetteVPSell1,000$177.96$177,960.00View SEC Filing  
2/5/2015Saram Mark S DeEVPSell3,000$180.00$540,000.00View SEC Filing  
11/20/2014Saram Mark S DeEVPSell2,000$174.00$348,000.00View SEC Filing  
11/5/2014Saram Mark S DeEVPSell2,000$172.00$344,000.00View SEC Filing  
10/30/2014John P DoucetteVPSell1,600$169.28$270,848.00View SEC Filing  
10/30/2014Saram Mark S DeEVPSell2,000$169.50$339,000.00View SEC Filing  
10/28/2014Saram Mark S DeEVPSell2,000$167.00$334,000.00View SEC Filing  
8/13/2014Lawrence TomchinDirectorSell5,000$94.15$470,750.00View SEC Filing  
8/8/2014Roger M SingerDirectorSell1,332$157.56$209,869.92View SEC Filing  
7/14/2014Saram Mark S DeEVPSell2,000$165.00$330,000.00View SEC Filing  
5/1/2014Saram Mark DeEVPSell1,683$158.68$267,058.44View SEC Filing  
4/30/2014Joseph TarantoChairmanSell33,500$156.79$5,252,465.00View SEC Filing  
4/29/2014Joseph TarantoChairmanSell35,810$157.67$5,646,162.70View SEC Filing  
4/28/2014John WeberDirectorSell6,000$158.20$949,200.00View SEC Filing  
4/23/2014Saram Mark DeEVPSell2,000$159.50$319,000.00View SEC Filing  
4/17/2014Saram Mark DeEVPSell2,000$158.00$316,000.00View SEC Filing  
4/15/2014Saram Mark DeEVPSell2,000$156.00$312,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


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

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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