Keefe, Bruyette & Woods reiterated their sell rating on shares of Everest Re Group, Ltd. (NYSE:RE) in a research report sent to investors on Friday morning. They currently have a $216.00 target price on the insurance provider’s stock.

A number of other brokerages also recently commented on RE. ValuEngine upgraded Everest Re Group from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Wells Fargo & Company set a $240.00 target price on Everest Re Group and gave the company a hold rating in a research note on Monday, October 30th. Morgan Stanley restated an equal weight rating and issued a $259.00 target price (up previously from $250.00) on shares of Everest Re Group in a research note on Thursday, July 6th. Zacks Investment Research downgraded Everest Re Group from a buy rating to a hold rating in a research note on Monday, July 10th. Finally, UBS AG lowered their target price on Everest Re Group from $256.00 to $240.00 and set a neutral rating on the stock in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $243.20.

Everest Re Group (NYSE:RE) opened at $230.89 on Friday. 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 52 week low of $205.02 and a 52 week high of $277.17. The company has a market capitalization of $9,355.97, a PE ratio of 54.25, a price-to-earnings-growth ratio of 13.15 and a beta of 0.65.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, October 30th. The insurance provider reported ($16.43) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the firm earned $6.53 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. equities research analysts forecast that Everest Re Group will post 1.73 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in shares of Everest Re Group by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 500 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 200 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Everest Re Group during the 2nd quarter worth about $160,000. IFP Advisors Inc boosted its stake in shares of Everest Re Group by 29.1% during the 2nd quarter. IFP Advisors Inc now owns 657 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 148 shares in the last quarter. ETRADE Capital Management LLC bought a new stake in shares of Everest Re Group during the 2nd quarter worth about $201,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of Everest Re Group during the 2nd quarter worth about $205,000. 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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