ValuEngine upgraded shares of Everest Re Group, Ltd. (NYSE:RE) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

Several other research firms have also commented on RE. Morgan Stanley reiterated an equal weight rating and issued a $259.00 price objective (up from $250.00) on shares of Everest Re Group in a research report on Thursday, July 6th. Wells Fargo & Company reiterated a hold rating on shares of Everest Re Group in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Everest Re Group from a buy rating to a hold rating in a research report on Monday, July 10th. BidaskClub upgraded shares of Everest Re Group from a hold rating to a buy rating in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods lowered shares of Everest Re Group from a market perform rating to an underperform rating and decreased their price objective for the stock from $251.00 to $245.00 in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $250.25.

Shares of Everest Re Group (NYSE RE) opened at 248.38 on Friday. Everest Re Group has a 12 month low of $183.04 and a 12 month high of $277.17. The stock has a 50 day moving average of $263.15 and a 200-day moving average of $249.06. The firm has a market capitalization of $10.20 billion, a PE ratio of 8.52 and a beta of 0.64.

Everest Re Group (NYSE:RE) last released its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 EPS for the quarter, topping the consensus estimate of $5.24 by $0.27. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm earned $3.17 EPS. On average, equities research analysts anticipate that Everest Re Group will post $20.71 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $5.00 dividend on an annualized basis and a yield of 2.01%. Everest Re Group’s dividend payout ratio (DPR) is 17.15%.

A number of large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in Everest Re Group by 1.6% in the 1st quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock valued at $119,000 after purchasing an additional 8 shares in the last quarter. Huntington National Bank lifted its holdings in Everest Re Group by 1.5% in the 2nd quarter. Huntington National Bank now owns 921 shares of the insurance provider’s stock valued at $235,000 after purchasing an additional 14 shares in the last quarter. Torray LLC lifted its holdings in Everest Re Group by 0.8% in the 2nd quarter. Torray LLC now owns 1,831 shares of the insurance provider’s stock valued at $466,000 after purchasing an additional 15 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in Everest Re Group by 2.0% in the 2nd quarter. Wetherby Asset Management Inc. now owns 1,295 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 25 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Everest Re Group by 0.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,634 shares of the insurance provider’s stock valued at $1,784,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Everest Re Group Company Profile

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 operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies.

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Analyst Recommendations for Everest Re Group (NYSE:RE)

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