Everest Re Group, Ltd. (NYSE:RE) has been given an average rating of “Buy” by the eleven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $271.00.

A number of research analysts recently weighed in on RE shares. Deutsche Bank Aktiengesellschaft raised Everest Re Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $245.00 to $305.00 in a research report on Sunday, March 28th. Zacks Investment Research lowered Everest Re Group from a “hold” rating to a “sell” rating and set a $262.00 price objective for the company. in a research report on Monday, March 8th. Morgan Stanley reduced their price objective on Everest Re Group from $316.00 to $312.00 and set an “overweight” rating for the company in a research report on Thursday, April 22nd. Finally, Citigroup raised their price objective on Everest Re Group from $275.00 to $287.00 in a research report on Wednesday, March 31st.

Several institutional investors have recently bought and sold shares of RE. AJO LP bought a new stake in shares of Everest Re Group in the fourth quarter worth $26,000. Parallel Advisors LLC grew its holdings in shares of Everest Re Group by 72.2% in the fourth quarter. Parallel Advisors LLC now owns 136 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 57 shares during the period. RWM Asset Management LLC bought a new stake in shares of Everest Re Group in the fourth quarter worth $33,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Everest Re Group in the first quarter worth $37,000. Finally, Mach 1 Financial Group Inc. bought a new stake in shares of Everest Re Group in the fourth quarter worth $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Shares of RE traded up $2.14 on Tuesday, reaching $274.21. The stock had a trading volume of 11,622 shares, compared to its average volume of 258,611. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.35 and a current ratio of 0.35. The company has a 50-day simple moving average of $256.98 and a 200-day simple moving average of $236.38. Everest Re Group has a 12-month low of $157.32 and a 12-month high of $281.27.

Everest Re Group (NYSE:RE) last released its earnings results on Wednesday, April 28th. The insurance provider reported $6.49 EPS for the quarter, beating the Zacks’ consensus estimate of $4.61 by $1.88. Everest Re Group had a return on equity of 5.19% and a net margin of 7.38%. During the same period in the previous year, the firm posted $4.03 earnings per share. On average, analysts expect that Everest Re Group will post 12.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Tuesday, March 16th. Everest Re Group’s payout ratio is 29.05%.

Everest Re Group Company Profile

Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through the following segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance and specialty lines of business, including marine, aviation, surety, and accident and health business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S.

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Analyst Recommendations for Everest Re Group (NYSE:RE)

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