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NYSE:RE

Everest Re Group - RE Stock Forecast, Price & News

$279.89
+1.72 (+0.62%)
(As of 08/18/2022 12:26 PM ET)
Add
Compare
Today's Range
$279.41
$280.41
50-Day Range
$249.28
$285.67
52-Week Range
$248.63
$308.20
Volume
932 shs
Average Volume
251,179 shs
Market Capitalization
$11.03 billion
P/E Ratio
14.19
Dividend Yield
2.38%
Price Target
$336.00

Everest Re Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.8% Upside
$338.00 Price Target
Short Interest
Healthy
1.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
-0.04mentions of Everest Re Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$812,760 Sold Last Quarter
Proj. Earnings Growth
19.80%
From $33.83 to $40.53 Per Share

Overall MarketRank

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

2.98 out of 5 stars

Finance Sector

85th out of 932 stocks

Fire, Marine, & Casualty Insurance Industry

4th out of 50 stocks

RE stock logo

About Everest Re Group (NYSE:RE) Stock

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in Bermuda, Canada, Europe, South America, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RE shares. Jefferies Financial Group increased their target price on shares of Everest Re Group from $343.00 to $344.00 and gave the company a "buy" rating in a research report on Tuesday, July 12th. StockNews.com upgraded shares of Everest Re Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 23rd.

Everest Re Group Price Performance

RE traded up $0.87 during midday trading on Wednesday, hitting $278.17. 155,147 shares of the company traded hands, compared to its average volume of 255,799. The business has a 50 day simple moving average of $271.04 and a two-hundred day simple moving average of $281.78. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.75 and a beta of 0.54. Everest Re Group has a 52-week low of $248.63 and a 52-week high of $308.20.

Everest Re Group (NYSE:RE - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $9.79 earnings per share for the quarter, topping the consensus estimate of $9.31 by $0.48. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $3.01 billion. Everest Re Group had a net margin of 6.61% and a return on equity of 11.41%. The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $14.63 earnings per share. On average, equities analysts forecast that Everest Re Group will post 33.83 earnings per share for the current fiscal year.

Everest Re Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 24th will be paid a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Tuesday, August 23rd. Everest Re Group's dividend payout ratio (DPR) is presently 33.45%.

Insiders Place Their Bets

In other Everest Re Group news, Director John A. Weber sold 3,000 shares of Everest Re Group stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $270.92, for a total transaction of $812,760.00. Following the transaction, the director now directly owns 3,096 shares of the company's stock, valued at $838,768.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

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RE Stock News Headlines

Everest Re Group Publishes 2021 Global Loss Triangles
Everest Re Group Reports Second Quarter 2022 Results
Everest Re Group (RE) to Release Earnings on Wednesday
5 Dividend Growth Stocks to Buy for 2H
See More Headlines
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RE Company Calendar

Ex-Dividend for 6/17 Dividend
5/24/2022
Dividend Payable
6/17/2022
Last Earnings
7/27/2022
Today
8/18/2022
Ex-Dividend for 9/9 Dividend
8/23/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Reinsurance
Sector
Finance
CUSIP
G3223R10
Employees
1,947
Year Founded
1973

Price Target and Rating

Average Stock Price Forecast
$338.00
High Stock Price Forecast
$344.00
Low Stock Price Forecast
$330.00
Forecasted Upside/Downside
+20.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
7.08%

Debt

Sales & Book Value

Annual Sales
$11.87 billion
Cash Flow
$31.27 per share
Book Value
$224.63 per share

Miscellaneous

Free Float
38,858,000
Market Cap
$11.03 billion
Optionable
Optionable
Beta
0.54

Social Links


Key Executives

  • Mr. Juan Carlos Andrade (Age 56)
    Pres, CEO & Director
    Comp: $4.86M
  • Mr. Mark Kociancic (Age 52)
    Exec. VP & Group CFO
    Comp: $2.56M
  • Mr. James Allan Williamson (Age 48)
    Exec. VP, Group COO & Head of Everest Reinsurance Division
    Comp: $2.13M
  • Mr. Sanjoy Mukherjee (Age 55)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer
    Comp: $1.76M
  • Mr. Michael Karmilowicz (Age 53)
    Exec. VP and Pres & CEO of the Insurance Division
    Comp: $1.88M
  • Mr. Jack Nelson
    Sr. VP & Chief Investment Officer
  • Mr. Seth W. Vance (Age 61)
    Chief Investment Officer
  • Mr. Robert Joseph Freiling
    Sr. VP & Chief Accounting Officer
  • Mr. Brian Lee Bedner
    Head of Corp. Fin.
  • Mr. Terrence M. Walker
    Sr. VP & Group Chief Information Officer













RE Stock - Frequently Asked Questions

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

2 Wall Street equities research 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 equities 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 2022?

2 analysts have issued 1-year price objectives for Everest Re Group's stock. Their RE share price forecasts range from $330.00 to $344.00. On average, they predict the company's stock price to reach $338.00 in the next year. This suggests a possible upside of 21.5% 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 2022?

Everest Re Group's stock was trading at $273.92 at the start of the year. Since then, RE shares have increased by 1.6% and is now trading at $278.17.
View the best growth stocks for 2022 here
.

When is Everest Re Group's next earnings date?

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

How were Everest Re Group's earnings last quarter?

Everest Re Group, Ltd. (NYSE:RE) released its quarterly earnings data on Wednesday, July, 27th. The insurance provider reported $9.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.31 by $0.48. The insurance provider earned $2.92 billion during the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $14.63 earnings per share.
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 announced a quarterly dividend on Wednesday, August 10th. Investors of record on Wednesday, August 24th will be given a dividend of $1.65 per share on Friday, September 9th. This represents a $6.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, August 23rd.
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 2.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 16.28% 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 variety of institutional and retail 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.
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 $278.17.

How much money does Everest Re Group make?

Everest Re Group (NYSE:RE) has a market capitalization of $10.96 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.

How many employees does Everest Re Group have?

The company employs 1,947 workers across the globe.

When was Everest Re Group founded?

Everest Re Group was founded in 1973.

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 8/18/2022 by MarketBeat.com Staff

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