Everest Re Group (NYSE:RE) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently commented on RE. Wells Fargo & Co set a $240.00 target price on shares of Everest Re Group and gave the company a “hold” rating in a research note on Monday, May 21st. Goldman Sachs Group initiated coverage on shares of Everest Re Group in a research note on Monday, June 18th. They issued a “buy” rating and a $280.00 target price on the stock. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $257.00 target price on the stock in a research note on Wednesday, June 27th. ValuEngine downgraded shares of Everest Re Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $240.00 target price on shares of Everest Re Group in a research note on Wednesday, August 1st. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $255.00.

Shares of Everest Re Group stock opened at $215.49 on Thursday. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.35 and a current ratio of 0.35. Everest Re Group has a 52-week low of $208.81 and a 52-week high of $264.88.

Everest Re Group (NYSE:RE) last announced its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.03). The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.72 billion. Everest Re Group had a net margin of 2.93% and a return on equity of 1.80%. During the same period last year, the firm earned $5.51 EPS. analysts expect that Everest Re Group will post 17.32 EPS for the current fiscal year.

In other news, CEO John P. Doucette sold 900 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $215.32, for a total value of $193,788.00. Following the sale, the chief executive officer now owns 22,620 shares in the company, valued at approximately $4,870,538.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. World Asset Management Inc lifted its position in Everest Re Group by 8.3% during the 2nd quarter. World Asset Management Inc now owns 2,770 shares of the insurance provider’s stock worth $638,000 after buying an additional 213 shares in the last quarter. Diversified Trust Co raised its holdings in Everest Re Group by 26.4% during the 1st quarter. Diversified Trust Co now owns 1,150 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 240 shares during the last quarter. Daiwa SB Investments Ltd. raised its holdings in Everest Re Group by 38.7% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 860 shares of the insurance provider’s stock worth $198,000 after purchasing an additional 240 shares during the last quarter. ING Groep NV raised its holdings in Everest Re Group by 6.9% during the 1st quarter. ING Groep NV now owns 4,173 shares of the insurance provider’s stock worth $1,072,000 after purchasing an additional 268 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Everest Re Group by 4.8% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,942 shares of the insurance provider’s stock worth $1,370,000 after purchasing an additional 273 shares during the last quarter. Institutional investors and hedge funds own 92.91% of the company’s stock.

Everest Re Group Company Profile

Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the Unites States.

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Analyst Recommendations for Everest Re Group (NYSE:RE)

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