News coverage about Everest Re Group (NYSE:RE) has trended very positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everest Re Group earned a daily sentiment score of 0.54 on Alpha One’s scale. Alpha One also gave media headlines about the insurance provider an impact score of 23 out of 100, meaning that recent press coverage is very unlikely to have an impact on the company’s share price in the next few days.
Shares of Everest Re Group (NYSE:RE) opened at 254.08 on Tuesday. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 9.48 and a beta of 0.49. The stock has a 50 day moving average price of $246.00 and a 200 day moving average price of $230.09. Everest Re Group has a one year low of $169.19 and a one year high of $258.30.
Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, April 24th. The insurance provider reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.35 by $0.94. Everest Re Group had a net margin of 17.19% and a return on equity of 12.44%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned $5.19 earnings per share. On average, equities research analysts forecast that Everest Re Group will post $20.49 EPS for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $5.00 annualized dividend and a dividend yield of 1.97%. Everest Re Group’s dividend payout ratio is 21.00%.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research lowered Everest Re Group from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Barclays PLC boosted their price objective on Everest Re Group from $269.00 to $299.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 25th. Wells Fargo & Co restated a “hold” rating on shares of Everest Re Group in a research report on Monday, April 24th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $262.00 price target (up previously from $240.00) on shares of Everest Re Group in a research report on Saturday, April 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Everest Re Group presently has a consensus rating of “Hold” and an average target price of $234.83. In related news, Director John R. Dunne sold 500 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $234.75, for a total value of $117,375.00. Following the sale, the director now owns 12,079 shares of the company’s stock, valued at $2,835,545.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John P. Doucette sold 1,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $256.03, for a total transaction of $256,030.00. Following the sale, the vice president now directly owns 21,834 shares in the company, valued at approximately $5,590,159.02. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
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