NYSE:RE Everest Re Group (RE) Stock Forecast, Price & News $342.53 -0.60 (-0.17%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$340.33▼$346.2650-Day Range$339.43▼$387.1052-Week Range$244.57▼$394.99Volume602,750 shsAverage Volume342,112 shsMarket Capitalization$13.45 billionP/E Ratio20.32Dividend Yield1.93%Price Target$410.60 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Everest Re Group MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside19.9% Upside$410.60 Price TargetShort InterestHealthy1.37% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.76Upright™ Environmental ScoreNews Sentiment0.59Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth26.67%From $43.69 to $55.34 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.93 out of 5 starsFinance Sector131st out of 850 stocksFire, Marine, & Casualty Insurance Industry10th out of 44 stocks 2.4 Analyst's Opinion Consensus RatingEverest Re Group has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $410.60, Everest Re Group has a forecasted upside of 19.9% from its current price of $342.53.Amount of Analyst CoverageEverest Re Group has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.37% of the float of Everest Re Group has been sold short.Short Interest Ratio / Days to CoverEverest Re Group has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Everest Re Group has recently decreased by 15.70%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldEverest Re Group pays a meaningful dividend of 1.92%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEverest Re Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Everest Re Group is 39.15%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Everest Re Group will have a dividend payout ratio of 11.93% next year. This indicates that Everest Re Group will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEverest Re Group has received a 6.55% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home warranties", "Passenger car insurance services for individuals", "Home insurance services for individuals", "Credit insurance services for individuals", "Commercial legal expense insurance", and "Accident insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Everest Re Group is -0.76. Previous Next 2.0 News and Social Media Coverage News SentimentEverest Re Group has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Everest Re Group this week, compared to 4 articles on an average week.Search InterestOnly 2 people have searched for RE on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Everest Re Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.40% of the stock of Everest Re Group is held by insiders.Percentage Held by Institutions92.38% of the stock of Everest Re Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Everest Re Group are expected to grow by 26.67% in the coming year, from $43.69 to $55.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Everest Re Group is 20.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Everest Re Group is 20.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.88.Price to Earnings Growth RatioEverest Re Group has a PEG Ratio of 0.27. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioEverest Re Group has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Everest Re Group (NYSE:RE) StockEverest 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.Read More Receive RE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Everest Re Group and its competitors with MarketBeat's FREE daily newsletter. Email Address RE Stock News HeadlinesMay 31, 2023 | finance.yahoo.comWhy Is Everest Re (RE) Down 8% Since Last Earnings Report?May 24, 2023 | finance.yahoo.comEverest Re (RE) Gains 10% YTD: Will the Rally Continue?June 6, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 24, 2023 | americanbankingnews.comEverest Re Group (NYSE:RE) Shares Down 3.9% May 22, 2023 | finance.yahoo.comEverest Re Group (NYSE:RE) Has Announced A Dividend Of $1.65May 20, 2023 | americanbankingnews.comEverest Re Group, Ltd. (NYSE:RE) Announces Quarterly Dividend of $1.65May 19, 2023 | americanbankingnews.comEverest Re Group (NYSE:RE) Shares Gap Down to $378.40May 19, 2023 | americanbankingnews.comQ2 2024 Earnings Forecast for Everest Re Group, Ltd. Issued By Zacks Research (NYSE:RE)June 6, 2023 | Behind the Markets (Ad)WARNING TO ALL U.S. INVESTORSMay 16, 2023... The Day That Will Financially Paralyze 181 Million American Investors... Here are 3 steps to prepare yourself >>>May 18, 2023 | msn.comEverest Re to rebrand corporate name, stock tickerMay 18, 2023 | finance.yahoo.comEverest to Rebrand Company Name and NYSE Ticker to Reflect its Evolution, Global Growth and Diversification StrategyMay 17, 2023 | seekingalpha.comEverest Re Group down 4%, prices 3.6M equity offeringMay 17, 2023 | americanbankingnews.comEverest Re Group, Ltd. (NYSE:RE) Given Consensus Rating of "Moderate Buy" by BrokeragesMay 17, 2023 | markets.businessinsider.comEverest Re Group Prices Public Offering Of 3.60 Mln Shares At $360.00/shrMay 16, 2023 | finance.yahoo.comEverest Re Group, Ltd. Announces Pricing of Public Offering of 3,600,000 Common SharesMay 16, 2023 | finance.yahoo.comEverest Re Group, Ltd. Announces Public Offering of 3,000,000 Common SharesMay 14, 2023 | uk.investing.comEverest Re Group Ltd (E1VE34)May 5, 2023 | marketwatch.comEverest Re Group Ltd. stock falls Thursday, underperforms marketMay 4, 2023 | americanbankingnews.comEverest Re Group (NYSE:RE) Price Target Increased to $445.00 by Analysts at Wells Fargo & CompanyMay 4, 2023 | americanbankingnews.comEverest Re Group (NYSE:RE) Shares Gap Down After Earnings MissMay 2, 2023 | seekingalpha.comEverest Re Group, Ltd. 2023 Q1 - Results - Earnings Call PresentationMay 2, 2023 | americanbankingnews.comEverest Re Group (NYSE:RE) Announces Quarterly Earnings ResultsMay 1, 2023 | markets.businessinsider.comWells Fargo Keeps Their Buy Rating on Everest Re (RE)April 30, 2023 | markets.businessinsider.comEverest Reinsurance Group earnings: here's what Wall Street expectsApril 29, 2023 | americanbankingnews.comEverest Re Group (RE) to Release Quarterly Earnings on MondayApril 28, 2023 | msn.comEverest Re Group's Earnings: A PreviewApril 28, 2023 | seekingalpha.comEverest Re: Diversified Written Premiums Drive P&C ScaleSee More Headlines RE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RE Company Calendar Ex-Dividend for 3/30 Dividend3/15/2023Dividend Payable3/30/2023Last Earnings5/01/2023Ex-Dividend for 6/16 Dividend5/30/2023Today6/05/2023Dividend Payable6/16/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Fire, marine, & casualty insurance Sub-IndustryReinsurance SectorFinance Current SymbolNYSE:RE CUSIPG3223R10 CIK1095073 Webwww.everestre.com Phone(441) 295-0006Fax441-295-4828Employees2,428Year Founded1973Price Target and Rating Average Stock Price Forecast$410.60 High Stock Price Forecast$468.00 Low Stock Price Forecast$345.00 Forecasted Upside/Downside+20.3%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$16.86 Trailing P/E Ratio20.24 Forward P/E Ratio7.81 P/E Growth0.27Net Income$597 million Net Margins5.34% Pretax Margin5.57% Return on Equity12.98% Return on Assets2.79% Debt Debt-to-Equity Ratio0.34 Current Ratio0.33 Quick Ratio0.33 Sales & Book Value Annual Sales$12.06 billion Price / Sales1.11 Cash Flow$28.44 per share Price / Cash Flow12.00 Book Value$215.52 per share Price / Book1.58Miscellaneous Outstanding Shares39,280,000Free Float38,725,000Market Cap$13.41 billion OptionableOptionable Beta0.61 Social Links Key ExecutivesJuan C. AndradePresident, Chief Executive Officer & DirectorJim WilliamsonChief Operating Officer & Executive Vice PresidentMark KociancicChief Financial Officer & Executive Vice PresidentSrini MaddineniChief Information OfficerRonald D. DiazExecutive Vice President & Head-InternationalKey CompetitorsRenaissanceReNYSE:RNREnstar GroupNASDAQ:ESGRLoewsNYSE:LW. R. BerkleyNYSE:WRBCincinnati FinancialNASDAQ:CINFView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardSold 1,192 shares on 6/1/2023Ownership: 0.004%Prelude Capital Management LLCBought 786 shares on 6/1/2023Ownership: 0.002%ProShare Advisors LLCSold 1,219 shares on 5/26/2023Ownership: 0.022%Brandywine Global Investment Management LLCSold 3,084 shares on 5/25/2023Ownership: 0.064%Toroso Investments LLCBought 2,477 shares on 5/23/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions RE Stock - Frequently Asked Questions Should I buy or sell Everest Re Group stock right now? 5 Wall Street research 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 research 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 shares. Their RE share price forecasts range from $345.00 to $468.00. On average, they predict the company's share price to reach $410.60 in the next year. This suggests a possible upside of 20.3% 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 2023. Since then, RE stock has increased by 3.0% and is now trading at $341.28. View the best growth stocks for 2023 here. Are investors shorting Everest Re Group? Everest Re Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 397,300 shares, a decline of 15.7% from the April 30th total of 471,300 shares. Based on an average trading volume of 355,200 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.4% 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, July 26th 2023. View our RE earnings forecast. How were Everest Re Group's earnings last quarter? Everest Re Group, Ltd. (NYSE:RE) posted its quarterly earnings data on Monday, May, 1st. The insurance provider reported $11.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.48 by $1.17. The insurance provider earned $3.33 billion during the quarter, compared to the consensus estimate of $3.10 billion. Everest Re Group had a net margin of 5.34% and a trailing twelve-month return on equity of 12.98%. Everest Re Group's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $10.31 EPS. 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, May 18th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $1.65 per share on Friday, June 16th. This represents a $6.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, May 30th. Read our dividend analysis for RE. What ETFs hold Everest Re Group's stock? ETFs with the largest weight of Everest Re Group (NYSE:RE) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), Pinnacle Focused Opportunities ETF (FCUS), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE), Ballast Small/Mid Cap ETF (MGMT), Invesco DWA Financial Momentum ETF (PFI), First Trust Financials AlphaDEX Fund (FXO) and Democratic Large Cap Core ETF (DEMZ). 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 1.92%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 11.93% 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.49%), State Street Corp (4.50%), Boston Partners (4.13%), Envestnet Asset Management Inc. (4.07%), Victory Capital Management Inc. (2.67%) and Franklin Resources Inc. (2.64%). Insiders that own company stock include John A Weber, John P Doucette, 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 $341.28. How much money does Everest Re Group make? Everest Re Group (NYSE:RE) has a market capitalization of $13.41 billion and generates $12.06 billion in revenue each year. The insurance provider earns $597 million in net income (profit) each year or $16.86 on an earnings per share basis. How many employees does Everest Re Group have? The company employs 2,428 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 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Everest Re Group, Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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