Everest Re Group - RE Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everest Re Group in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RE shares.
View RE analyst ratings or view top-rated stocks.

3 brokers have issued 12 month target prices for Everest Re Group's shares. Their RE share price forecasts range from $344.00 to $365.00. On average, they anticipate the company's share price to reach $351.33 in the next twelve months. This suggests a possible upside of 4.0% 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 shares have increased by 23.4% and is now trading at $337.94.
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Everest Re Group saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 551,700 shares, a decrease of 25.6% from the October 15th total of 741,400 shares. Based on an average daily trading volume, of 305,600 shares, the short-interest ratio is currently 1.8 days. Approximately 1.9% of the company's shares are short sold.
View Everest Re Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our RE earnings forecast.

Everest Re Group, Ltd. (NYSE:RE) posted its earnings results on Wednesday, October, 27th. The insurance provider reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by $0.05. The insurance provider earned $3.03 billion during the quarter, compared to analysts' expectations of $2.93 billion. Everest Re Group had a trailing twelve-month return on equity of 10.46% and a net margin of 4.47%. The business's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the business earned $2.42 earnings per share.
Read the conference call transcript.

Everest Re Group announced a quarterly dividend on Thursday, November 10th. Investors of record on Wednesday, November 23rd will be given a dividend of $1.65 per share on Friday, December 16th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Tuesday, November 22nd.
Read our dividend analysis for RE.

Everest Re Group (NYSE:RE) pays an annual dividend of $6.60 per share and currently has a dividend yield of 1.98%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 49.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 16.13% 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 Vanguard Group Inc. (12.53%), BlackRock Inc. (7.18%), Boston Partners (6.61%), State Street Corp (4.81%), Victory Capital Management Inc. (3.02%) and Massachusetts Financial Services Co. MA (2.70%). 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 $337.94.

Everest Re Group (NYSE:RE) has a market capitalization of $13.24 billion and generates $11.87 billion in revenue each year. The insurance provider earns $1.38 billion in net income (profit) each year or $13.39 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.