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About Everest Re Group (NYSE:RE)
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States. The International segment writes foreign property and casualty reinsurance in Canada, Singapore, Brazil, Miami, and New Jersey. The Bermuda segment provides reinsurance and insurance to property and casualty markets through brokers and directly with ceding companies in Bermuda; and reinsurance to the United Kingdom and European markets. The Insurance segment writes property and casualty insurance products directly, as well as through general agents, brokers, and surplus lines brokers in the United States and Canada. The company also provides property and casualty reinsurance and insurance coverages, such as errors and omissions liability, directors' and officers' liability, medical malpractice, and worker's compensation products. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryReinsurance
SectorFinance
SymbolNYSE:RE
CUSIPG3223R10
Phone441-295-0006
Debt
Debt-to-Equity Ratio0.08
Current Ratio0.33
Quick Ratio0.33
Price-To-Earnings
Trailing P/E Ratio25.08
Forward P/E Ratio11.08
P/E Growth1.1
Sales & Book Value
Annual Sales$6.61 billion
Price / Sales1.42
Cash Flow$10.3612 per share
Price / Cash22.09
Book Value$203.78 per share
Price / Book1.12
Profitability
EPS (Most Recent Fiscal Year)$9.10
Net Income$468.96 million
Net Margins5.64%
Return on Equity4.04%
Return on Assets1.43%
Miscellaneous
Employees1,276
Outstanding Shares40,980,000
Everest Re Group (NYSE:RE) Frequently Asked Questions
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, May 16th. Stockholders of record on Wednesday, May 30th will be given a dividend of $1.30 per share on Wednesday, June 13th. This represents a $5.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Tuesday, May 29th. View Everest Re Group's Dividend History.
How were Everest Re Group's earnings last quarter?
Everest Re Group Ltd (NYSE:RE) issued its earnings results on Wednesday, April, 25th. The insurance provider reported $5.34 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $5.40 by $0.06. The insurance provider earned $1.77 billion during the quarter, compared to analyst estimates of $1.66 billion. Everest Re Group had a return on equity of 4.04% and a net margin of 5.64%. During the same quarter last year, the firm posted $6.48 EPS. View Everest Re Group's Earnings History.
When is Everest Re Group's next earnings date?
What price target have analysts set for RE?
6 brokerages have issued twelve-month price objectives for Everest Re Group's shares. Their forecasts range from $234.00 to $290.00. On average, they anticipate Everest Re Group's share price to reach $253.6667 in the next year. View Analyst Ratings for Everest Re Group.
What are Wall Street 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, "Everest Re has substantially benefited from its global presence, product diversification, capital adequacy, financial flexibility and traditional risk management capabilities. Strategic endeavors to ramp up growth pave way for long-term improvement. It is divesting underperforming business and strengthening reserves. Banking on favorable operational performance, the company enjoys disciplined capital management strategy. A competitive reinsurance market and exposure to catastrophe events infusing underwriting volatility remain headwinds. Shares of Everest Re have underperformed the industry in a year’s time. It is set to release first quarter results on Apr 25. A Zacks Rank #3 increases the predictive power of an earnings beat but combined with Earnings ESP of 0.00% makes prediction difficult." (4/11/2018)
- 2. Wells Fargo 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?
Some companies that are related to Everest Re Group include Tokio Marine (TKOMY), Progressive (PGR), The Travelers Companies (TRV), Allstate (ALL), Mitsui Sumitomo Insurance Group (MSADY), The Hartford (HIG), Loews (L), Markel (MKL), Fairfax Financial (FRFHF), XL Capital Partners (XL), CNA Financial (CNA), Cincinnati Financial (CINF), Arch Capital Group (ACGL), American Financial Group (AFG) and W. R. Berkley (WRB).
Who are Everest Re Group's key executives?
Everest Re Group's management team includes the folowing people:
- Mr. Dominic James Addesso CPA, Pres, CEO & Non-Independent Director (Age 64)
- Mr. Craig William Howie, Exec. VP, Treasurer & CFO (Age 54)
- Mr. Sanjoy Mukherjee, Chief Compliance Officer, Exec. VP, Gen. Counsel & Sec. (Age 51)
- Mr. John Paul Doucette, Exec. VP, Pres of the Reinsurance Division & CEO of the Reinsurance Division (Age 52)
- Mr. Jonathan Martin Zaffino, Exec. VP, CEO of the Everest Insurance & Pres of the Everest Insurance (Age 45)
Has Everest Re Group been receiving favorable news coverage?
News headlines about RE stock have been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Everest Re Group earned a media sentiment score of 0.16 on Accern's scale. They also assigned news headlines about the insurance provider an impact score of 46.65 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Everest Re Group's major shareholders?
Everest Re Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.02%), Boston Partners (6.54%), LSV Asset Management (4.53%), Northern Trust Corp (1.52%), Earnest Partners LLC (1.48%) and Allianz Asset Management GmbH (1.17%). Company insiders that own Everest Re Group stock include John A Graf, John A Weber, John P Doucette, John R Dunne, Roger M Singer and William F Galtney Jr. View Institutional Ownership Trends for Everest Re Group.
Which institutional investors are selling Everest Re Group stock?
RE stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Robeco Institutional Asset Management B.V., Schroder Investment Management Group, Northern Trust Corp, Russell Investments Group Ltd., Allianz Asset Management GmbH, KBC Group NV and Federated Investors Inc. PA. Company insiders that have sold Everest Re Group company stock in the last year include John P Doucette and Roger M Singer. View Insider Buying and Selling for Everest Re Group.
Which institutional investors are buying Everest Re Group stock?
RE stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Scout Investments Inc., Carillon Tower Advisers Inc., Lord Abbett & CO. LLC, Ceredex Value Advisors LLC, Sei Investments Co., Champlain Investment Partners LLC and Westwood Holdings Group Inc.. Company insiders that have bought Everest Re Group stock in the last two years include John A Graf, John A Weber and William F Galtney Jr. View Insider Buying and Selling for Everest Re Group.
How do I buy shares of Everest Re Group?
Shares of RE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market 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 RE stock can currently be purchased for approximately $228.50.
How big of a company is Everest Re Group?
Everest Re Group has a market capitalization of $9.28 billion and generates $6.61 billion in revenue each year. The insurance provider earns $468.96 million in net income (profit) each year or $9.10 on an earnings per share basis. Everest Re Group employs 1,276 workers across the globe.
How can I contact Everest Re Group?
Everest Re Group's mailing address is 141 Front Street, HAMILTON D0, HM 19. The insurance provider can be reached via phone at 441-295-0006.
MarketBeat Community Rating for Everest Re Group (RE)
MarketBeat's community ratings are surveys of what our community members think about Everest Re Group and other stocks. Vote "Outperform" if you believe RE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Everest Re Group (NYSE:RE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Everest Re Group in the last 12 months. Their average twelve-month price target is $253.6667, suggesting that the stock has a possible upside of 10.83%. The high price target for RE is $290.00 and the low price target for RE is $234.00. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.17 | 2.29 | 2.29 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $253.6667 | $254.8571 | $254.2857 | $242.8750 |
| Price Target Upside: | 10.83% upside | 1.98% downside | 4.53% upside | 5.90% upside |
Everest Re Group (NYSE:RE) Consensus Price Target History
Everest Re Group (NYSE:RE) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Everest Re Group (NYSE:RE) Dividend Information
Everest Re Group pays an annual dividend of $5.20 per share, with a dividend yield of 2.27%. RE's next quarterly dividend payment will be made on Wednesday, June 13. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 16.40% each year. Everest Re Group pays out 57.14% of its earnings out as a dividend.
| Next Dividend: | 6/13/2018 |
| Annual Dividend: | $5.20 |
| Dividend Yield: | 2.27% |
| Dividend Growth: | 16.40% (3 Year Average) |
| Payout Ratio(s): | 57.14% (Trailing 12 Months of Earnings)
25.17% (Based on This Year's Estimates)
22.12% (Based on Next Year's Estimates)
50.19% (Based on Cash Flow)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Everest Re Group (NYSE:RE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/16/2018 | quarterly | $1.30 | 2.27% | 5/29/2018 | 5/30/2018 | 6/13/2018 |
| 2/21/2018 | quarterly | $1.30 | 2.16720846878386% | 3/6/2018 | 3/7/2018 | 3/21/2018 |
| 11/9/2017 | quarterly | $1.30 | 2.27% | 11/28/2017 | 11/29/2017 | 12/13/2017 |
| 8/23/2017 | quarterly | $1.25 | 1.94% | 9/1/2017 | 9/6/2017 | 9/20/2017 |
| 5/17/2017 | quarterly | $1.25 | 2.05% | 5/26/2017 | 5/31/2017 | 6/14/2017 |
| 2/22/2017 | quarterly | $1.25 | 2.13% | 3/6/2017 | 3/8/2017 | 3/22/2017 |
| 11/16/2016 | quarterly | $1.25 | 2.36% | 11/28/2016 | 11/30/2016 | 12/14/2016 |
| 8/17/2016 | quarterly | $1.15 | 2.43% | 9/2/2016 | 9/7/2016 | 9/21/2016 |
| 5/18/2016 | quarterly | $1.15 | 2.55% | 5/27/2016 | 6/1/2016 | 6/15/2016 |
| 2/24/2016 | quarterly | $1.15 | 2.46% | 3/7/2016 | 3/9/2016 | 3/23/2016 |
| 11/19/2015 | quarterly | $1.15 | 2.48% | 11/30/2015 | 12/2/2015 | 12/16/2015 |
| 8/12/2015 | quarterly | $0.95 | 2.05% | 8/24/2015 | 8/26/2015 | 9/9/2015 |
| 5/13/2015 | quarterly | $0.95 | 2.06% | 6/1/2015 | 6/3/2015 | 6/17/2015 |
| 2/25/2015 | quarterly | $0.95 | 2.13% | 3/9/2015 | 3/11/2015 | 3/25/2015 |
| 11/19/2014 | quarterly | $0.95 | 2.19% | 12/1/2014 | 12/3/2014 | 12/17/2014 |
| 8/13/2014 | quarterly | $0.75 | 1.85% | 8/25/2014 | 8/27/2014 | 9/10/2014 |
| 5/14/2014 | quarterly | $0.75 | 1.91% | 6/2/2014 | 6/4/2014 | 6/18/2014 |
| 2/26/2014 | quarterly | $0.75 | 2.01% | 3/10/2014 | 3/12/2014 | 3/26/2014 |
| 11/20/2013 | quarterly | $0.75 | 1.91% | 12/2/2013 | 12/4/2013 | 12/18/2013 |
| 8/14/2013 | quarterly | $0.48 | 1.39% | 8/26/2013 | 8/28/2013 | 9/18/2013 |
| 5/15/2013 | quarterly | $0.48 | 1.47% | 6/3/2013 | 6/5/2013 | 6/19/2013 |
| 2/20/2013 | quarterly | $0.48 | 1.54% | 3/4/2013 | 3/6/2013 | 3/20/2013 |
(Data available from 1/1/2013 forward)
Everest Re Group (NYSE RE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 91.40%
Everest Re Group (NYSE RE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/28/2018 | Roger M Singer | Director | Sell | 1,000 | $244.58 | $244,580.00 | |  |
| 2/20/2018 | John P Doucette | VP | Sell | 300 | $242.84 | $72,852.00 | 21,434 | |
| 1/8/2018 | John A Graf | Director | Buy | 2,285 | $219.07 | $500,574.95 | 5,550 | |
| 12/13/2017 | John A Weber | Director | Buy | 38 | $219.44 | $8,338.72 | | |
| 11/20/2017 | William F Galtney Jr | Director | Buy | 6,000 | $225.29 | $1,351,740.00 | | |
| 4/27/2017 | John P Doucette | VP | Sell | 1,000 | $256.03 | $256,030.00 | 21,834 | |
| 3/20/2017 | John R Dunne | Director | Sell | 500 | $234.75 | $117,375.00 | 12,079 | |
| 2/9/2017 | John A Weber | Director | Sell | 4,000 | $228.00 | $912,000.00 | 8,557 | |
| 9/13/2016 | John R Dunne | Director | Sell | 200 | $190.03 | $38,006.00 | 10,579 | |
| 8/3/2016 | John P Doucette | VP | Sell | 1,840 | $189.84 | $349,305.60 | 23,265 | |
| 4/6/2016 | John R Dunne | Director | Sell | 600 | $195.00 | $117,000.00 | 10,779 | |
| 2/16/2016 | John R Dunne | Director | Sell | 100 | $184.94 | $18,494.00 | 9,379 | |
| 2/12/2016 | John P. Doucette | VP | Sell | 1,587 | $185.76 | $294,801.12 | 23,968 | |
| 2/9/2016 | Saram Mark S De | EVP | Sell | 1,000 | $188.12 | $188,120.00 | 21,862 | |
| 8/26/2015 | William F Galtney Jr | Director | Buy | 10,000 | $169.75 | $1,697,500.00 | 27,076 | |
| 2/20/2015 | John P Doucette | VP | Sell | 1,000 | $177.96 | $177,960.00 | | |
| 2/5/2015 | Saram Mark S De | EVP | Sell | 3,000 | $180.00 | $540,000.00 | | |
| 11/20/2014 | Saram Mark S De | EVP | Sell | 2,000 | $174.00 | $348,000.00 | | |
| 11/5/2014 | Saram Mark S De | EVP | Sell | 2,000 | $172.00 | $344,000.00 | | |
| 10/30/2014 | John P Doucette | VP | Sell | 1,600 | $169.28 | $270,848.00 | | |
| 10/30/2014 | Saram Mark S De | EVP | Sell | 2,000 | $169.50 | $339,000.00 | | |
| 10/28/2014 | Saram Mark S De | EVP | Sell | 2,000 | $167.00 | $334,000.00 | | |
| 8/13/2014 | Lawrence Tomchin | Director | Sell | 5,000 | $94.15 | $470,750.00 | | |
| 8/8/2014 | Roger M Singer | Director | Sell | 1,332 | $157.56 | $209,869.92 | | |
| 7/14/2014 | Saram Mark S De | EVP | Sell | 2,000 | $165.00 | $330,000.00 | | |
| 5/1/2014 | Saram Mark De | EVP | Sell | 1,683 | $158.68 | $267,058.44 | 33,087 | |
| 4/30/2014 | Joseph Taranto | Chairman | Sell | 33,500 | $156.79 | $5,252,465.00 | | |
| 4/29/2014 | Joseph Taranto | Chairman | Sell | 35,810 | $157.67 | $5,646,162.70 | 330,008 | |
| 4/28/2014 | John Weber | Director | Sell | 6,000 | $158.20 | $949,200.00 | 8,006 | |
| 4/23/2014 | Saram Mark De | EVP | Sell | 2,000 | $159.50 | $319,000.00 | 33,087 | |
| 4/17/2014 | Saram Mark De | EVP | Sell | 2,000 | $158.00 | $316,000.00 | 35,087 | |
| 4/15/2014 | Saram Mark De | EVP | Sell | 2,000 | $156.00 | $312,000.00 | 37,087 | |
(Data available from 1/1/2013 forward)
Everest Re Group (NYSE RE) News Headlines
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Everest Re Group (NYSE:RE) SEC Filings
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Everest Re Group (NYSE:RE) Income Statement, Balance Sheet and Cash Flow Statement
Everest Re Group (NYSE RE) Stock Chart for Monday, May, 21, 2018
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