Everest Re Group - RE Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Everest Re Group in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RE shares.
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4 equities research analysts have issued twelve-month price targets for Everest Re Group's shares. Their RE share price forecasts range from $344.00 to $408.00. On average, they expect the company's share price to reach $369.25 in the next year. This suggests a possible upside of 6.0% 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 $331.27 on January 1st, 2023. Since then, RE shares have increased by 5.1% and is now trading at $348.19.
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Everest Re Group saw a drop in short interest in December. As of December 30th, there was short interest totaling 438,500 shares, a drop of 21.8% from the December 15th total of 560,800 shares. Based on an average daily volume of 314,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.5% of the shares of the stock 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 will be holding an earnings conference call on Thursday, February 9th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Everest Re Group, Ltd. (NYSE:RE) issued its earnings results on Wednesday, October, 27th. The insurance provider reported ($1.34) earnings per share for the quarter, missing analysts' consensus estimates of ($1.29) by $0.05. The insurance provider had revenue of $3.03 billion for the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.42 EPS.
Read the conference call transcript.

Everest Re Group declared a quarterly dividend on Thursday, November 10th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $1.65 per share on Friday, December 16th. This represents a $6.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend 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 1.85%. 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 15.65% 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 many different institutional and retail investors. Top institutional investors include Strs Ohio (0.39%), Allspring Global Investments Holdings LLC (0.34%), Scout Investments Inc. (0.32%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), New York State Common Retirement Fund (0.16%) and New York State Teachers Retirement System (0.15%). 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 $348.19.

Everest Re Group (NYSE:RE) has a market capitalization of $13.64 billion and generates $11.76 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.