Shares of Everest Re Group Ltd (NYSE:RE) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $252.86.

Several analysts have recently issued reports on RE shares. Zacks Investment Research upgraded Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $253.00 price objective on the stock in a research report on Friday, January 5th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $230.00 price objective on shares of Everest Re Group in a research report on Friday, October 13th. ValuEngine downgraded Everest Re Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. UBS Group upped their price objective on Everest Re Group from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, Barclays reduced their price objective on Everest Re Group from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, October 16th.

In other Everest Re Group news, Director John A. Graf bought 2,285 shares of Everest Re Group stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average cost of $219.07 per share, for a total transaction of $500,574.95. Following the completion of the transaction, the director now owns 5,550 shares of the company’s stock, valued at approximately $1,215,838.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William F. Galtney, Jr. bought 6,000 shares of Everest Re Group stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $225.29 per share, for a total transaction of $1,351,740.00. The disclosure for this purchase can be found here. Insiders bought 8,323 shares of company stock worth $1,860,654 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC purchased a new position in Everest Re Group during the third quarter worth about $137,000. ETRADE Capital Management LLC purchased a new position in Everest Re Group during the second quarter worth about $201,000. Sciencast Management LP purchased a new position in Everest Re Group during the second quarter worth about $230,000. Diversified Trust Co purchased a new position in Everest Re Group during the fourth quarter worth about $201,000. Finally, Coldstream Capital Management Inc. lifted its position in Everest Re Group by 8.0% during the second quarter. Coldstream Capital Management Inc. now owns 958 shares of the insurance provider’s stock worth $244,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Everest Re Group (NYSE:RE) traded up $1.36 on Friday, reaching $224.60. The company’s stock had a trading volume of 259,100 shares, compared to its average volume of 392,215. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $9,650.00, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 1.11 and a beta of 0.61. Everest Re Group has a one year low of $208.81 and a one year high of $277.17.

Everest Re Group (NYSE:RE) last posted its earnings results on Monday, October 30th. The insurance provider reported ($16.43) EPS for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the firm posted $6.53 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. equities analysts anticipate that Everest Re Group will post 1.28 EPS for the current fiscal year.

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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 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)

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