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NYSE:RE

Everest Re Group - RE Stock Forecast, Price & News

$330.58
-7.36 (-2.18%)
(As of 12/1/2022 03:58 PM ET)
Add
Compare
Today's Range
$329.93
$339.87
50-Day Range
$245.79
$337.94
52-Week Range
$244.57
$338.00
Volume
14,611 shs
Average Volume
292,803 shs
Market Capitalization
$12.95 billion
P/E Ratio
24.69
Dividend Yield
1.98%
Price Target
$340.67

Everest Re Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.1% Upside
$351.33 Price Target
Short Interest
Healthy
1.74% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.22mentions of Everest Re Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.42 M Sold Last Quarter
Proj. Earnings Growth
74.98%
From $23.38 to $40.91 Per Share

Overall MarketRank

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

2.53 out of 5 stars

Finance Sector

305th out of 912 stocks

Fire, Marine, & Casualty Insurance Industry

11th out of 49 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.

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RE Stock News Headlines

5 Analysts Have This to Say About Everest Re Group
Why Is Everest Re (RE) Up 9% Since Last Earnings Report?
Everest Re Group (NYSE:RE) PT Raised to $345.00
Everest Re Group, Ltd. (NYSE:RE) to Issue $1.65 Quarterly Dividend
Everest Re (RE) Gains 16% YTD: Will the Bull Run Continue?
4 Analysts Have This to Say About Everest Re Group
Everest Re's (RE) Q3 Earnings Beat Despite High Cat Loss
Everest Re (RE) Reports Q3 Loss, Misses Revenue Estimates
Everest Re Group, Ltd. Q3 Loss Rises
Everest Re Group: Q3 Earnings Insights
Everest Re Group Reports Third Quarter 2022 Results
See More Headlines
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RE Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 9/9 Dividend
8/23/2022
Dividend Payable
9/09/2022
Ex-Dividend for 12/16 Dividend
11/22/2022
Today
12/01/2022
Dividend Payable
12/16/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

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
$351.33
High Stock Price Forecast
$365.00
Low Stock Price Forecast
$344.00
Forecasted Upside/Downside
+3.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
4.36%

Debt

Sales & Book Value

Annual Sales
$11.87 billion
Cash Flow
$30.78 per share
Book Value
$195.30 per share

Miscellaneous

Free Float
38,617,000
Market Cap
$12.95 billion
Optionable
Optionable
Beta
0.59

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?

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.

What is Everest Re Group's stock price forecast for 2023?

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.

How have RE shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Everest Re Group?

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
.

When is Everest Re Group's next earnings date?

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

How were Everest Re Group's earnings last quarter?

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
.

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 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
.

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 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.

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 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.
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 $337.94.

How much money does Everest Re Group make?

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.

How many employees does Everest Re Group have?

The company employs 1,947 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 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 12/1/2022 by MarketBeat.com Staff