Everest Re Group Ltd. (NYSE:RE) was upgraded by equities researchers at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a report issued on Tuesday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Everest Re Group from a “hold” rating to a “buy” rating and set a $214.00 price objective for the company in a report on Tuesday, September 27th. Keefe, Bruyette & Woods boosted their price objective on Everest Re Group from $199.00 to $204.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Finally, Barclays PLC boosted their price objective on Everest Re Group from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Everest Re Group has a consensus rating of “Hold” and an average target price of $203.40.

Analyst Recommendations for Everest Re Group (NYSE:RE)

Everest Re Group (NYSE:RE) opened at 212.07 on Tuesday. The company has a market capitalization of $8.67 billion, a P/E ratio of 9.21 and a beta of 0.48. Everest Re Group has a one year low of $167.07 and a one year high of $214.79. The stock’s 50 day moving average price is $196.92 and its 200 day moving average price is $187.25.

Everest Re Group (NYSE:RE) last released its earnings results on Monday, October 24th. The company reported $6.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $3.29. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.32 billion. Everest Re Group had a return on equity of 12.50% and a net margin of 17.07%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.53 EPS. Equities analysts anticipate that Everest Re Group will post $18.27 EPS for the current fiscal year.

In other Everest Re Group news, Director John R. Dunne sold 200 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $190.03, for a total value of $38,006.00. Following the completion of the sale, the director now directly owns 10,579 shares in the company, valued at approximately $2,010,327.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Everest Re Group by 3.0% in the third quarter. BlackRock Fund Advisors now owns 1,976,558 shares of the company’s stock valued at $375,487,000 after buying an additional 57,819 shares in the last quarter. Vulcan Value Partners LLC boosted its stake in shares of Everest Re Group by 3.3% in the second quarter. Vulcan Value Partners LLC now owns 1,959,721 shares of the company’s stock valued at $357,983,000 after buying an additional 61,767 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Everest Re Group by 38.2% in the third quarter. JPMorgan Chase & Co. now owns 1,337,026 shares of the company’s stock valued at $253,995,000 after buying an additional 369,601 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of Everest Re Group by 13.2% in the third quarter. APG Asset Management N.V. now owns 617,227 shares of the company’s stock valued at $117,255,000 after buying an additional 71,965 shares in the last quarter. Finally, Allianz Asset Management AG boosted its stake in shares of Everest Re Group by 1.4% in the second quarter. Allianz Asset Management AG now owns 602,025 shares of the company’s stock valued at $109,972,000 after buying an additional 8,244 shares in the last quarter. Institutional investors and hedge funds own 94.37% of the company’s stock.

About Everest Re Group

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’s segments include U.S. Reinsurance segment, International segment, Bermuda segment, Insurance segment and Mt. Logan Re segment.

5 Day Chart for NYSE:RE

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