Everest Re Group Ltd (NYSE:RE) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 1.55 per share by the insurance provider on Tuesday, December 24th. This represents a $6.20 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Everest Re Group’s previous quarterly dividend of $1.40.
Shares of RE stock opened at $271.26 on Friday. 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 market capitalization of $11.12 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.24 and a beta of 0.24. The company’s 50 day moving average price is $259.42 and its two-hundred day moving average price is $253.59. Everest Re Group has a 52 week low of $201.09 and a 52 week high of $274.24.
Everest Re Group (NYSE:RE) last announced its earnings results on Monday, October 28th. The insurance provider reported $3.39 EPS for the quarter, topping the consensus estimate of $2.07 by $1.32. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.03 billion. Everest Re Group had a net margin of 5.30% and a return on equity of 5.90%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $4.09 EPS. Analysts forecast that Everest Re Group will post 21.95 earnings per share for the current year.
About Everest Re Group
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four 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 insurance through reinsurance brokers, as well as directly with ceding companies in the United States.
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