About Everest Re Group (NYSE:RE)
Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage's, including marine, aviation, surety, errors and omissions liability (E&O), directors' and officers' liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers' compensation. Its subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re) and Everest International Reinsurance, Ltd.
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 Ratio26.96
Forward P/E Ratio11.89
P/E Growth1.2
Sales & Book Value
Annual Sales$6.61 billion
Price / Sales1.52
Cash Flow$10.1894 per share
Price / Cash24.08
Book Value$203.78 per share
Price / Book1.20
Profitability
EPS (Most Recent Fiscal Year)$9.10
Net Income$468.96 million
Net Margins7.10%
Return on Equity4.51%
Return on Assets1.63%
Miscellaneous
Employees1,276
Outstanding Shares40,840,000
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, February 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $1.30 per share on Wednesday, March 21st. This represents a $5.20 annualized dividend and a yield of 2.12%. The ex-dividend date is Tuesday, March 6th. View Everest Re Group's Dividend History.
How were Everest Re Group's earnings last quarter?
Everest Re Group Ltd (NYSE:RE) announced its quarterly earnings results on Monday, February, 5th. The insurance provider reported $13.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.04 by $7.44. The insurance provider earned $1.87 billion during the quarter, compared to analysts' expectations of $1.52 billion. Everest Re Group had a net margin of 7.10% and a return on equity of 4.51%. Everest Re Group's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $9.08 earnings per share. View Everest Re Group's Earnings History.
When is Everest Re Group's next earnings date?
What price target have analysts set for RE?
7 brokerages have issued 12-month target prices for Everest Re Group's stock. Their forecasts range from $234.00 to $290.00. On average, they expect Everest Re Group's share price to reach $254.8571 in the next twelve months. 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 The Travelers Companies (TRV), Progressive (PGR), Allstate (ALL), Tokio Marine (TKOMY), 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:
- Joseph V. Taranto, Chairman of the Board (Age 68)
- Dominic James Addesso CPA, President, Chief Executive Officer, Director (Age 63)
- Craig W. Howie, Chief Financial Officer, Executive Vice President (Age 53)
- John P. Doucette, President and Chief Executive Officer of the Reinsurance Division (Age 51)
- Jonathan M. Zaffino, President and Chief Executive Officer - Everest Insurance Division (Age 44)
- Sanjoy Mukherjee, Executive Vice President, General Counsel, Secretary, Managing Director, Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd (Age 50)
- William F. Galtney Jr., Lead Independent Director (Age 64)
- John J. Amore, Independent Director (Age 69)
- John Arthur Graf, Independent Director (Age 57)
- Gerri Losquadro, Independent Director (Age 66)
Has Everest Re Group been receiving favorable news coverage?
News coverage about RE stock has trended somewhat positive recently, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to 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 gave headlines about the insurance provider an impact score of 46.54 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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 $245.36.
How big of a company is Everest Re Group?
Everest Re Group has a market capitalization of $10.09 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.
7 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 $254.8571, suggesting that the stock has a possible upside of 3.87%. 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 2 buy ratings 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: | 2.29 | 2.29 | 2.29 | 2.00 |
| Ratings Breakdown: | 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) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $254.8571 | $254.1429 | $252.8571 | $237.1250 |
| Price Target Upside: | 3.87% upside | 5.34% upside | 15.59% upside | 1.41% downside |
Everest Re Group (NYSE:RE) Consensus Price Target History
Everest Re Group (NYSE:RE) Analyst Ratings History
Show:
(Data available from 4/23/2016 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 2.12%. RE's most recent quarterly dividend payment was Wednesday, March 21. 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.
| Most Recent Dividend: | 3/21/2018 |
| Annual Dividend: | $5.20 |
| Dividend Yield: | 2.12% |
| Dividend Growth: | 16.40% (3 Year Average) |
| Payout Ratio: | 57.14% (Trailing 12 Months of Earnings)
25.21% (Based on This Year's Estimates)
22.11% (Based on Next Year's Estimates)
|
| 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 |
|---|
| 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: 92.49%
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, April, 23, 2018
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