Everest Re Group (RE) Earning Somewhat Favorable News Coverage, Accern Reports

Media stories about Everest Re Group (NYSE:RE) have been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Everest Re Group earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 92 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

RE has been the subject of several analyst reports. BidaskClub upgraded Everest Re Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Everest Re Group from a “hold” rating to a “buy” rating and set a $293.00 price objective for the company in a research report on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $259.00 price objective (up previously from $250.00) on shares of Everest Re Group in a research report on Thursday. ValuEngine upgraded Everest Re Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Barclays PLC increased their price objective on Everest Re Group from $269.00 to $299.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $242.57.

Everest Re Group (NYSE RE) traded up 1.130% during mid-day trading on Monday, reaching $266.185. The company’s stock had a trading volume of 173,196 shares. The company has a market capitalization of $10.93 billion, a PE ratio of 9.933 and a beta of 0.63. Everest Re Group has a 1-year low of $176.51 and a 1-year high of $268.38. The firm has a 50 day moving average price of $251.28 and a 200-day moving average price of $235.40.

Everest Re Group (NYSE:RE) last posted its quarterly earnings data on Monday, April 24th. The insurance provider reported $6.29 EPS for the quarter, topping the Zacks’ consensus estimate of $5.35 by $0.94. Everest Re Group had a return on equity of 12.70% and a net margin of 18.49%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business earned $5.19 EPS. On average, equities analysts predict that Everest Re Group will post $20.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.90%. Everest Re Group’s dividend payout ratio is 18.60%.

In other Everest Re Group news, VP John P. Doucette sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $256.03, for a total value of $256,030.00. Following the transaction, the vice president now owns 21,834 shares in the company, valued at $5,590,159.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Everest Re Group (NYSE:RE)

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