Everest Re Group, Ltd. (NYSE:RE) had its target price upped by stock analysts at UBS AG from $230.00 to $245.00 in a note issued to investors on Monday. The brokerage currently has a “neutral” rating on the insurance provider’s stock. UBS AG’s target price would indicate a potential upside of 6.83% from the company’s current price.

Several other brokerages also recently weighed in on RE. ValuEngine raised shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Wells Fargo & Company set a $240.00 target price on shares of Everest Re Group and gave the stock a “hold” rating in a report on Monday, October 30th. Zacks Investment Research cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $230.00 price target on shares of Everest Re Group in a research note on Friday, October 13th. Finally, BidaskClub cut shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $243.20.

Shares of Everest Re Group (NYSE:RE) traded up $1.50 during trading on Monday, reaching $229.34. 117,626 shares of the company traded hands, compared to its average volume of 519,137. The company has a market cap of $9,355.97, a P/E ratio of 54.25, a P/E/G ratio of 13.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.30. Everest Re Group has a one year low of $205.02 and a one year high of $277.17.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the consensus estimate of $3.68 by ($20.11). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.53 EPS. analysts anticipate that Everest Re Group will post 1.73 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of Everest Re Group during the 2nd quarter valued at about $7,256,000. Stifel Financial Corp grew its holdings in Everest Re Group by 32.1% during the 2nd quarter. Stifel Financial Corp now owns 10,755 shares of the insurance provider’s stock valued at $2,740,000 after purchasing an additional 2,611 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Everest Re Group during the 2nd quarter valued at about $1,451,000. Swiss National Bank grew its holdings in Everest Re Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 148,975 shares of the insurance provider’s stock valued at $37,928,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK grew its holdings in Everest Re Group by 144.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 101,717 shares of the insurance provider’s stock valued at $25,897,000 after purchasing an additional 60,058 shares during the last quarter. Hedge funds and other institutional investors own 93.22% of the company’s stock.

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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