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.
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3 analysts have issued twelve-month target prices for Everest Re Group's stock. Their RE share price forecasts range from $330.00 to $344.00. On average, they expect the company's stock price to reach $336.00 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
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Everest Re Group's stock was trading at $273.92 at the start of the year. Since then, RE shares have decreased by 5.9% and is now trading at $257.80.
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Everest Re Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our RE earnings forecast.

Everest Re Group, Ltd. (NYSE:RE) posted its earnings results on Wednesday, July, 27th. The insurance provider reported $9.79 earnings per share for the quarter, topping analysts' consensus estimates of $9.31 by $0.48. The insurance provider earned $2.92 billion during the quarter, compared to analysts' expectations of $3.01 billion. Everest Re Group had a trailing twelve-month return on equity of 11.41% and a net margin of 6.61%. The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $14.63 earnings per share.
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Everest Re Group announced a quarterly dividend on Thursday, May 12th. Investors of record on Wednesday, May 25th will be given a dividend of $1.65 per share on Friday, June 17th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, May 24th. This is a positive change from the stock's previous quarterly dividend of $1.55.
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 2.58%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 16.76% 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 Victory Capital Management Inc. (2.31%), Los Angeles Capital Management LLC (1.74%), Nuance Investments LLC (0.95%), Strs Ohio (0.38%), Miller Howard Investments Inc. NY (0.34%) and Sumitomo Mitsui Trust Holdings Inc. (0.32%). Insiders that own company stock include Geraldine Losquadro, 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 $257.80.

Everest Re Group (NYSE:RE) has a market capitalization of $10.17 billion and generates $11.87 billion in revenue each year. The insurance provider earns $1.38 billion in net income (profit) each year or $19.73 on an earnings per share basis.

Everest Re Group employs 1,947 workers across the globe.

Everest Re Group was founded in 1973.

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.