Everest Re Group, Ltd. (NYSE:RE) has been assigned an average rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $243.38.

RE has been the subject of a number of research reports. ValuEngine raised shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Morgan Stanley reissued an “equal weight” rating and set a $259.00 target price (up previously from $250.00) on shares of Everest Re Group in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $293.00 target price for the company in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods cut shares of Everest Re Group from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $251.00 to $245.00 in a research note on Monday, July 17th.

Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, July 24th. The insurance provider reported $5.51 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.27. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. During the same quarter in the prior year, the firm posted $3.17 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $5.00 annualized dividend and a yield of 2.22%. Everest Re Group’s dividend payout ratio is presently 17.15%.

COPYRIGHT VIOLATION NOTICE: “Everest Re Group, Ltd. (RE) Receives Average Recommendation of “Hold” from Analysts” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/21/everest-re-group-ltd-re-receives-average-recommendation-of-hold-from-analysts.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Everest Re Group by 4,778.3% during the 1st quarter. BlackRock Inc. now owns 3,909,246 shares of the insurance provider’s stock valued at $914,021,000 after acquiring an additional 3,829,110 shares in the last quarter. Vanguard Group Inc. grew its stake in Everest Re Group by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock valued at $956,473,000 after acquiring an additional 704,287 shares in the last quarter. State Street Corp grew its stake in Everest Re Group by 26.4% during the 2nd quarter. State Street Corp now owns 2,157,326 shares of the insurance provider’s stock valued at $549,219,000 after acquiring an additional 450,606 shares in the last quarter. AQR Capital Management LLC grew its stake in Everest Re Group by 28.9% during the 1st quarter. AQR Capital Management LLC now owns 1,289,792 shares of the insurance provider’s stock valued at $301,566,000 after acquiring an additional 289,351 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Everest Re Group by 5.4% during the 2nd quarter. Northern Trust Corp now owns 676,890 shares of the insurance provider’s stock valued at $172,330,000 after acquiring an additional 34,827 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Everest Re Group (NYSE:RE)

Receive News & Stock Ratings for Everest Re Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Re Group Ltd. and related stocks with our FREE daily email newsletter.