Everest Re Group (RE) Given News Impact Score of 0.18

News coverage about Everest Re Group (NYSE:RE) has been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everest Re Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.4474832965178 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of research firms have recently weighed in on RE. Zacks Investment Research lowered Everest Re Group from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Buckingham Research began coverage on Everest Re Group in a report on Monday, September 11th. They issued a “neutral” rating and a $255.00 target price on the stock. ValuEngine lowered Everest Re Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 7th. UBS Group dropped their target price on Everest Re Group from $256.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Finally, Wells Fargo & Co set a $240.00 target price on Everest Re Group and gave the company a “hold” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Everest Re Group currently has an average rating of “Hold” and an average price target of $250.56.

Shares of Everest Re Group (NYSE RE) traded up $0.25 on Thursday, hitting $219.98. The company had a trading volume of 187,400 shares, compared to its average volume of 417,555. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $9,030.00, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 17.17 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 issued its quarterly 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). The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Everest Re Group had a net margin of 4.27% and a return on equity of 2.22%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $6.53 earnings per share. sell-side analysts anticipate that Everest Re Group will post 1.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, November 28th. Everest Re Group’s dividend payout ratio (DPR) is presently 79.15%.

In other Everest Re Group news, Director William F. Galtney, Jr. purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $225.29 per share, with a total value of $1,351,740.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

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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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