Everest Re Group Company Profile (NYSE:RE)

Everest Re Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RE."

Everest Re Group declared a quarterly dividend on Wednesday, August 23rd. Shareholders of record on Wednesday, September 6th will be given a dividend of $1.25 per share on Wednesday, September 20th. This represents a $5.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, September 1st. View Everest Re Group's Dividend History.

Everest Re Group, Ltd. (NYSE:RE) issued its earnings results on Monday, July, 24th. The company reported $5.51 EPS for the quarter, beating analysts' consensus estimates of $5.24 by $0.27. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. During the same quarter in the prior year, the business posted $3.17 earnings per share. View Everest Re Group's Earnings History.

Everest Re Group is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Everest Re Group.

8 analysts have issued 1-year target prices for Everest Re Group's shares. Their predictions range from $186.00 to $305.00. On average, they expect Everest Re Group's stock price to reach $243.86 in the next year. View Analyst Ratings for Everest Re Group.

Here are some recent quotes from research analysts about Everest Re Group stock:

• 1. According to Zacks Investment Research, "Shares of Everest Re outperformed the industry year to date. Everest Re Group noted strong momentum across its underwriting operations, with opportunities in both reinsurance and insurance. The insurer has substantially benefited from its global presence, product diversification, capital adequacy, financial flexibility and traditional risk management capabilities. It is divesting underperforming business and strengthened reserves. Banking on favorable operational performance the company enjoys disciplined capital management strategy and strong capital balance position. However, a competitive reinsurance market and exposure to catastrophe events infusing underwriting volatility remain headwinds. With respect to quarterly results, Everest Re’s second-quarter bottom line beat expectation. Both segments exhibited increase in revenues. While expenses increased, combined ratio exhibited improvement, reflecting better underwriting results." (8/2/2017)
• 2. Wells Fargo & Company 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)

Some companies that are related to Everest Re Group include General Growth Properties (GGP), Boston Properties (BXP), Principal Financial Group (PFG), Citizens Financial Group (CFG), Interactive Brokers Group (IBKR), Essex Property Trust (ESS), Regions Financial Corporation (RF), Credicorp (BAP), Realty Income Corporation (O), Loews Corporation (L), National Bank of Canada (NTIOF), Lincoln National Corporation (LNC), First Republic Bank (FRC), Banco De Chile (BCH), Hannover Ruck SE (HVRRY), Markel Corporation (MKL), Huntington Bancshares Incorporated (HBAN) and Fairfax Financial Holdings (FRFHF).

Everest Re Group's management team includes the folowing people:

• Joseph V. Taranto, Chairman of the Board
• Dominic James Addesso CPA, President, Chief Executive Officer, Director
• Craig W. Howie, Chief Financial Officer, Executive Vice President
• John P. Doucette, President and Chief Executive Officer of the Reinsurance Division
• Sanjoy Mukherjee, Executive Vice President, General Counsel, Secretary, Managing Director, Chief Executive Officer of Everest Reinsurance (Bermuda), Ltd
• Jonathan M. Zaffino, Senior Vice President, President - North America Insurance Division
• William F. Galtney Jr., Lead Independent Director
• John J. Amore, Independent Director
• John Arthur Graf, Independent Director
• Gerri Losquadro, Independent Director

Everest Re Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.15%), BlackRock Inc. (7.50%), State Street Corp (5.25%), LSV Asset Management (4.77%), APG Asset Management N.V. (1.75%) and Northern Trust Corp (1.65%). Company insiders that own Everest Re Group stock include John A Weber, John P Doucette, John R Dunne and Saram Mark S De. View Institutional Ownership Trends for Everest Re Group.

Everest Re Group's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Numeric Investors LLC, Southeastern Asset Management Inc. TN, Principal Financial Group Inc., Schroder Investment Management Group, Bank of New York Mellon Corp and Ameriprise Financial Inc.. Company insiders that have sold Everest Re Group stock in the last year include John A Weber, John P Doucette and John R Dunne. View Insider Buying and Selling for Everest Re Group.

Everest Re Group's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., State Street Corp, Janus Henderson Group PLC, American Century Companies Inc., Schwab Charles Investment Management Inc., Sei Investments Co., Rothschild Asset Management Inc. and Royal Bank of Canada. View Insider Buying and Selling for Everest Re Group.

Shares of Everest Re Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Everest Re Group stock can currently be purchased for approximately $224.82.