Other equities analysts have also recently issued reports about the company. TheStreet raised Everest Re Group from a c+ rating to a b- rating in a report on Monday, January 22nd. Wells Fargo & Co set a $240.00 price target on Everest Re Group and gave the stock a hold rating in a report on Monday, October 30th. Zacks Investment Research raised Everest Re Group from a sell rating to a hold rating in a report on Friday, November 10th. Keefe, Bruyette & Woods reissued a hold rating and issued a $234.00 price target on shares of Everest Re Group in a report on Wednesday, December 6th. Finally, UBS Group boosted their price target on Everest Re Group from $230.00 to $245.00 and gave the stock a neutral rating in a report on Monday, November 6th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $254.13.
Everest Re Group (RE) opened at $243.26 on Friday. The stock has a market capitalization of $9,933.76, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.13 and a beta of 0.59. Everest Re Group has a 1-year low of $208.81 and a 1-year high of $277.17. The company has a current ratio of 0.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.
In related news, Director John A. Graf purchased 2,285 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was bought at an average cost of $219.07 per share, with a total value of $500,574.95. Following the completion of the acquisition, the director now directly owns 5,550 shares in the company, valued at approximately $1,215,838.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Boston Partners purchased a new stake in shares of Everest Re Group in the fourth quarter valued at $385,136,000. Vulcan Value Partners LLC grew its position in shares of Everest Re Group by 0.6% in the fourth quarter. Vulcan Value Partners LLC now owns 1,443,878 shares of the insurance provider’s stock valued at $319,473,000 after purchasing an additional 8,517 shares during the period. APG Asset Management N.V. grew its position in shares of Everest Re Group by 43.6% in the third quarter. APG Asset Management N.V. now owns 1,032,662 shares of the insurance provider’s stock valued at $235,850,000 after purchasing an additional 313,700 shares during the period. JPMorgan Chase & Co. grew its position in shares of Everest Re Group by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 714,377 shares of the insurance provider’s stock valued at $159,219,000 after purchasing an additional 128,867 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Everest Re Group by 5.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 629,745 shares of the insurance provider’s stock valued at $139,336,000 after purchasing an additional 29,728 shares during the period. 92.14% of the stock is owned by institutional investors and hedge funds.
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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