Everest Re Group Ltd. (NYSE:RE) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $214.33.

Several brokerages recently weighed in on RE. Goldman Sachs Group Inc. raised shares of Everest Re Group from a “sell” rating to a “neutral” rating in a research note on Tuesday. Barclays PLC reissued an “overweight” rating and issued a $215.00 target price on shares of Everest Re Group in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods boosted their target price on shares of Everest Re Group from $199.00 to $204.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research raised shares of Everest Re Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st.

In other news, Director John R. Dunne sold 200 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $190.03, for a total transaction of $38,006.00. Following the completion of the transaction, the director now owns 10,579 shares of the company’s stock, valued at approximately $2,010,327.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Everest Re Group by 4.4% in the first quarter. Geode Capital Management LLC now owns 289,941 shares of the company’s stock worth $57,212,000 after buying an additional 12,113 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Everest Re Group by 1.1% in the first quarter. Legal & General Group Plc now owns 233,009 shares of the company’s stock worth $45,988,000 after buying an additional 2,496 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Everest Re Group by 188.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 41,790 shares of the company’s stock worth $8,251,000 after buying an additional 27,300 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Everest Re Group during the first quarter worth about $2,948,000. Finally, LPL Financial LLC boosted its stake in shares of Everest Re Group by 32.2% in the first quarter. LPL Financial LLC now owns 6,711 shares of the company’s stock worth $1,313,000 after buying an additional 1,633 shares during the last quarter. Institutional investors and hedge funds own 94.37% of the company’s stock.

Everest Re Group (NYSE:RE) opened at 212.86 on Tuesday. Everest Re Group has a 1-year low of $167.07 and a 1-year high of $214.85. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 9.25 and a beta of 0.48. The stock has a 50 day moving average of $198.64 and a 200 day moving average of $187.85.

Everest Re Group (NYSE:RE) last announced its earnings results on Monday, October 24th. The company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $3.24 by $3.29. Everest Re Group had a net margin of 17.07% and a return on equity of 12.50%. The firm earned $1.51 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $4.53 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts expect that Everest Re Group will post $18.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from Everest Re Group’s previous quarterly dividend of $1.15. Everest Re Group’s dividend payout ratio is currently 20.01%.

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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