Everest Re Group (NYSE:RE) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued on Monday.

RE has been the topic of several other reports. ValuEngine downgraded Everest Re Group from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. UBS dropped their target price on Everest Re Group from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Buckingham Research assumed coverage on Everest Re Group in a report on Monday, September 11th. They set a “neutral” rating and a $255.00 target price on the stock. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $245.00 target price on shares of Everest Re Group in a report on Thursday, September 21st. Finally, Barclays dropped their target price on Everest Re Group from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $250.56.

Everest Re Group (NYSE:RE) opened at $218.88 on Monday. The company has a market capitalization of $9,003.30, a PE ratio of 52.19, a PEG ratio of 17.19 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.08. Everest Re Group has a twelve month low of $208.81 and a twelve month high of $277.17.

Everest Re Group (NYSE:RE) last announced its earnings results on Monday, October 30th. The insurance provider reported ($16.43) EPS for the quarter, missing the consensus estimate of $3.68 by ($20.11). The company 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 quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.53 earnings per share. equities research analysts anticipate that Everest Re Group will post 1.27 earnings per share for the current year.

In other news, Director William F. Galtney, Jr. bought 6,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $225.29 per share, for a total transaction of $1,351,740.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in Everest Re Group by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 500 shares of the insurance provider’s stock valued at $127,000 after purchasing an additional 200 shares during the period. Valeo Financial Advisors LLC acquired a new position in Everest Re Group during the 3rd quarter valued at approximately $137,000. Pacer Advisors Inc. acquired a new position in Everest Re Group during the 2nd quarter valued at approximately $160,000. IFP Advisors Inc boosted its position in Everest Re Group by 29.1% during the 2nd quarter. IFP Advisors Inc now owns 657 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 148 shares during the period. Finally, ETRADE Capital Management LLC acquired a new position in Everest Re Group during the 2nd quarter valued at approximately $201,000. Institutional investors own 93.22% of the company’s stock.

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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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