Everest Re Group, Ltd. (NYSE:RE) Director William F. Galtney, Jr. bought 6,000 shares of Everest Re Group stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $225.29 per share, with a total value of $1,351,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Everest Re Group, Ltd. (NYSE RE) opened at $222.25 on Wednesday. The firm has a market cap of $9,193.04, a P/E ratio of 53.29, a PEG ratio of 13.07 and a beta of 0.65. Everest Re Group, Ltd. has a one year low of $206.60 and a one year high of $277.17. 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 (NYSE:RE) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($20.11). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates 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 revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.53 earnings per share. research analysts anticipate that Everest Re Group, Ltd. will post 1.71 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th will be paid a $1.30 dividend. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.25. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, November 28th. Everest Re Group’s dividend payout ratio is currently 78.49%.

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Several large investors have recently modified their holdings of RE. Vanguard Group Inc. raised its holdings in shares of Everest Re Group by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,756,913 shares of the insurance provider’s stock worth $956,473,000 after purchasing an additional 704,287 shares in the last quarter. State Street Corp raised its holdings in shares of Everest Re Group by 26.4% in the 2nd quarter. State Street Corp now owns 2,157,326 shares of the insurance provider’s stock worth $549,219,000 after purchasing an additional 450,606 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Everest Re Group by 43.6% in the 3rd quarter. APG Asset Management N.V. now owns 1,032,662 shares of the insurance provider’s stock worth $235,850,000 after purchasing an additional 313,700 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Everest Re Group by 22.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 714,377 shares of the insurance provider’s stock worth $159,219,000 after purchasing an additional 128,867 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Everest Re Group by 5.4% in the 2nd quarter. Northern Trust Corp now owns 676,890 shares of the insurance provider’s stock worth $172,330,000 after purchasing an additional 34,827 shares in the last quarter. 92.78% of the stock is owned by institutional investors.

RE has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG reissued a “neutral” rating and set a $256.00 target price (up from $251.00) on shares of Everest Re Group in a research note on Tuesday, August 1st. Barclays PLC boosted their target price on shares of Everest Re Group from $299.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Finally, ValuEngine raised shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $248.56.

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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