Everest Re Group, Ltd. (NYSE:RE) had its target price hoisted by research analysts at Barclays PLC from $299.00 to $305.00 in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the insurance provider’s stock. Barclays PLC’s price objective indicates a potential upside of 13.26% from the stock’s previous close.

Several other equities analysts have also recently weighed in on RE. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $263.00 price objective on the stock in a research note on Tuesday, April 18th. Wells Fargo & Company reiterated a “hold” rating on shares of Everest Re Group in a research note on Monday, April 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $262.00 price objective (up previously from $240.00) on shares of Everest Re Group in a research note on Saturday, April 29th. ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $250.25.

Shares of Everest Re Group (NYSE RE) traded down 0.34% during mid-day trading on Friday, reaching $268.39. 23,659 shares of the company’s stock traded hands. Everest Re Group has a 12-month low of $183.04 and a 12-month high of $277.17. The firm’s 50 day moving average price is $262.95 and its 200-day moving average price is $244.90. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 9.19 and a beta of 0.63.

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 the Thomson Reuters’ 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 firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $3.17 EPS. Equities research analysts forecast that Everest Re Group will post $21.48 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in RE. IFP Advisors Inc raised its stake in shares of Everest Re Group by 1.6% in the first quarter. IFP Advisors Inc now owns 509 shares of the insurance provider’s stock worth $119,000 after buying an additional 8 shares during the period. Huntington National Bank raised its stake in shares of Everest Re Group by 1.5% in the second quarter. Huntington National Bank now owns 921 shares of the insurance provider’s stock worth $235,000 after buying an additional 14 shares during the period. Torray LLC raised its stake in shares of Everest Re Group by 0.8% in the second quarter. Torray LLC now owns 1,831 shares of the insurance provider’s stock worth $466,000 after buying an additional 15 shares during the period. Advisor Partners LLC raised its stake in shares of Everest Re Group by 1.9% in the first quarter. Advisor Partners LLC now owns 1,289 shares of the insurance provider’s stock worth $301,000 after buying an additional 24 shares during the period. Finally, Wetherby Asset Management Inc. raised its stake in shares of Everest Re Group by 2.0% in the second quarter. Wetherby Asset Management Inc. now owns 1,295 shares of the insurance provider’s stock worth $330,000 after buying an additional 25 shares during the period. 92.69% 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.

Analyst Recommendations for Everest Re Group (NYSE:RE)

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