Everest Re Group - RE Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everest Re Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RE shares.
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2 Wall Street analysts have issued twelve-month price objectives for Everest Re Group's shares. Their RE share price forecasts range from $320.00 to $344.00. On average, they expect the company's stock price to reach $331.33 in the next year. This suggests a possible upside of 34.8% 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 $273.92 at the beginning of 2022. Since then, RE stock has decreased by 10.3% and is now trading at $245.79.
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Everest Re Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 714,300 shares, an increase of 26.4% from the August 15th total of 565,100 shares. Based on an average trading volume of 236,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.5% of the shares of the company are sold short.
View Everest Re Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our RE earnings forecast.

Everest Re Group will be holding an earnings conference call on Thursday, October 27th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Everest Re Group, Ltd. (NYSE:RE) announced its quarterly earnings data on Wednesday, July, 27th. The insurance provider reported $9.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.07 by $0.72. The insurance provider earned $2.92 billion during the quarter, compared to the consensus estimate of $3.01 billion. Everest Re Group had a net margin of 6.61% and a trailing twelve-month return on equity of 11.41%. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted $14.63 earnings per share.
Read the conference call transcript.

Everest Re Group announced a quarterly dividend on Wednesday, August 10th. Investors of record on Wednesday, August 24th will be paid a dividend of $1.65 per share on Friday, September 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, August 23rd.
Read our dividend analysis for RE.

Everest Re Group (NYSE:RE) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.02%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 0.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 0.10% 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 number of retail and institutional investors. Top institutional shareholders include State Street Corp (4.75%), Franklin Resources Inc. (4.19%), Champlain Investment Partners LLC (3.09%), Massachusetts Financial Services Co. MA (2.70%), Victory Capital Management Inc. (2.31%) and Los Angeles Capital Management LLC (1.74%). Insiders that own company stock include Geraldine Losquadro, John A Weber, John P Doucette, Joseph V Taranto, Sanjoy Mukherjee and William F Galtney Jr.
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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 $245.79.

Everest Re Group (NYSE:RE) has a market capitalization of $9.69 billion and generates $11.87 billion in revenue each year. The insurance provider earns $1.38 billion in net income (profit) each year or $19.73 on an earnings per share basis.

The company employs 1,947 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.