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

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.
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5 analysts have issued 12 month 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 20.3% from the stock's current price.
View analysts price targets for RE or view top-rated stocks among Wall Street analysts.

Everest Re Group's stock was trading at $331.27 at the beginning of 2023. Since then, RE stock has increased by 3.0% and is now trading at $341.28.
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Everest Re Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 397,300 shares, a decline of 15.7% from the April 30th total of 471,300 shares. Based on an average trading volume of 355,200 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.4% of the shares of the company are short sold.
View Everest Re Group's Short Interest.

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

Everest Re Group, Ltd. (NYSE:RE) posted its quarterly earnings data on Monday, May, 1st. The insurance provider reported $11.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 5.34% and a trailing twelve-month return on equity of 12.98%. Everest Re Group's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $10.31 EPS.
Read the conference call transcript.

Everest Re Group announced 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 1.93%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for RE.

ETFs with the largest weight of Everest Re Group (NYSE:RE) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), Pinnacle Focused Opportunities ETF (FCUS), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE), Ballast Small/Mid Cap ETF (MGMT), Invesco DWA Financial Momentum ETF (PFI), First Trust Financials AlphaDEX Fund (FXO) and Democratic Large Cap Core ETF (DEMZ).

Everest Re Group (NYSE:RE) pays an annual dividend of $6.60 per share and currently has a dividend yield of 1.92%. 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.

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.

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).

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

Everest Re Group's stock is owned by a variety of institutional and retail investors. Top institutional investors 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.

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.
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One share of RE stock can currently be purchased for approximately $341.28.

Everest Re Group (NYSE:RE) has a market capitalization of $13.41 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.

The company employs 2,428 workers across the globe.

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.