Everest Re Group Ltd (NYSE:RE) Director John A. Graf acquired 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. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Everest Re Group Ltd (NYSE RE) traded up $3.02 on Wednesday, reaching $219.97. 394,343 shares of the company’s stock were exchanged, compared to its average volume of 463,943. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.33. Everest Re Group Ltd has a 1 year low of $208.81 and a 1 year high of $277.17. The company has a market capitalization of $8,910.00, a price-to-earnings ratio of 33.48, a P/E/G ratio of 1.09 and a beta of 0.61.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). Everest Re Group had a net margin of 4.27% and a return on equity of 2.22%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm posted $6.53 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. research analysts forecast that Everest Re Group Ltd will post 1.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were paid a $1.30 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $5.20 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.25. Everest Re Group’s payout ratio is presently 79.15%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its holdings in shares of Everest Re Group by 66.7% in the second 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 last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Everest Re Group in the third quarter valued at approximately $137,000. Pacer Advisors Inc. acquired a new stake in shares of Everest Re Group in the second quarter valued at approximately $160,000. ETRADE Capital Management LLC acquired a new stake in shares of Everest Re Group in the second quarter valued at approximately $201,000. Finally, Harbor Advisors LLC acquired a new stake in shares of Everest Re Group in the third quarter valued at approximately $228,000. Institutional investors own 93.22% of the company’s stock.

Several research analysts recently weighed in on RE shares. TheStreet lowered shares of Everest Re Group from a “b” rating to a “c+” rating in a research note on Monday, December 18th. Wells Fargo & Co set a $240.00 price objective on shares of Everest Re Group and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Everest Re Group from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $234.00 price objective on shares of Everest Re Group in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Everest Re Group has an average rating of “Hold” and a consensus price target of $245.44.

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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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