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NYSE:RE

Everest Re Group - RE Stock Forecast, Price & News

$341.43
-14.90 (-4.18%)
(As of 02/2/2023 12:00 AM ET)
Add
Compare
Today's Range
$339.00
$355.20
50-Day Range
$322.38
$358.95
52-Week Range
$244.57
$361.67
Volume
444,950 shs
Average Volume
267,103 shs
Market Capitalization
$13.37 billion
P/E Ratio
25.50
Dividend Yield
1.89%
Price Target
$369.25

Everest Re Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
9.1% Upside
$372.40 Price Target
Short Interest
Healthy
1.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.44
Upright™ Environmental Score
News Sentiment
0.37mentions of Everest Re Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.40 M Sold Last Quarter
Proj. Earnings Growth
74.54%
From $24.16 to $42.17 Per Share

Overall MarketRank

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

2.70 out of 5 stars

Finance Sector

141st out of 879 stocks

Fire, Marine, & Casualty Insurance Industry

6th out of 48 stocks


RE stock logo

About Everest Re Group (NYSE:RE) Stock

Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through the following segments: Reinsurance, and Insurance. The Reinsurance segment writes property and casualty reinsurance and specialty lines of business, including marine, aviation, surety, and accident and health business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S. The Insurance segment writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Canada, and Europe. The company was founded in 1999 and is headquartered in Hamilton, Bermuda.

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RE Stock News Headlines

Everest Re: The Drivers Behind The Big Rally
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Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Analyst Ratings for Everest Re Group
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
5 Analysts Have This to Say About Everest Re Group
Why Is Everest Re (RE) Up 9% Since Last Earnings Report?
Everest Re (RE) Gains 16% YTD: Will the Bull Run Continue?
4 Analysts Have This to Say About Everest Re Group
See More Headlines
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RE Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/16 Dividend
11/22/2022
Dividend Payable
12/16/2022
Today
2/02/2023
Next Earnings (Confirmed)
2/08/2023
Fiscal Year End
12/31/2023

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
$372.40
High Stock Price Forecast
$408.00
Low Stock Price Forecast
$344.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
4.36%

Debt

Sales & Book Value

Annual Sales
$11.87 billion
Cash Flow
$30.24 per share
Book Value
$255.49 per share

Miscellaneous

Free Float
38,617,000
Market Cap
$13.37 billion
Optionable
Optionable
Beta
0.61

Social Links


Key Executives

  • Juan C. Andrade
    President, Chief Executive Officer & Director
  • Jim Williamson
    Chief Operating Officer & Executive Vice President
  • Mark Kociancic
    Chief Financial Officer & Executive Vice President
  • Srini Maddineni
    Chief Information Officer
  • Sanjoy Mukherjee
    Secretary, Chief Compliance Officer & Executive VP













RE Stock - Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Everest Re Group in the last year. There are currently 1 hold rating and 4 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?

5 analysts have issued 12 month target prices for Everest Re Group's stock. Their RE share price forecasts range from $344.00 to $408.00. On average, they anticipate the company's stock price to reach $372.40 in the next twelve months. This suggests a possible upside of 8.6% 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 2023?

Everest Re Group's stock was trading at $331.27 at the beginning of the year. Since then, RE shares have increased by 3.5% and is now trading at $342.79.
View the best growth stocks for 2023 here
.

Are investors shorting Everest Re Group?

Everest Re Group saw a decline in short interest during the month of December. As of December 30th, there was short interest totaling 438,500 shares, a decline 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 presently 1.4 days. Currently, 1.5% of the shares of the company 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 can I listen to Everest Re Group's earnings call?

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.

How were Everest Re Group's earnings last quarter?

Everest Re Group, Ltd. (NYSE:RE) announced its quarterly earnings data 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 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 period in the prior year, the firm posted $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. Stockholders 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 yield of 1.93%. 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 1.89%. 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.

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 institutional and retail investors. Top institutional investors include Strs Ohio (0.39%), Allspring Global Investments Holdings LLC (0.34%), Miller Howard Investments Inc. NY (0.33%), Scout Investments Inc. (0.32%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and AustralianSuper Pty Ltd (0.23%). 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 $342.79.

How much money does Everest Re Group make?

Everest Re Group (NYSE:RE) has a market capitalization of $13.43 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 2/2/2023 by MarketBeat.com Staff