Everest Re Group (NYSE:RE) Receives New Coverage from Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets started coverage on shares of Everest Re Group (NYSE:RE – Get Rating) in a research note issued on Thursday, The Fly reports. The firm set a “market perform” rating and a $380.00 price target on the insurance provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 12.32% from the stock’s previous close.

A number of other research firms also recently issued reports on RE. Wells Fargo & Company increased their target price on shares of Everest Re Group from $365.00 to $408.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of Everest Re Group from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 22nd. Finally, StockNews.com downgraded shares of Everest Re Group from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Everest Re Group currently has an average rating of “Moderate Buy” and a consensus target price of $369.25.

Everest Re Group Stock Down 1.8 %

Shares of NYSE:RE opened at $338.32 on Thursday. Everest Re Group has a 52 week low of $244.57 and a 52 week high of $361.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $13.25 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60. The firm has a 50 day simple moving average of $334.22 and a 200 day simple moving average of $297.17.

Everest Re Group (NYSE:RE – Get Rating) last released its earnings results on Wednesday, October 26th. The insurance provider reported ($5.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.89) by $0.61. Everest Re Group had a net margin of 4.47% and a return on equity of 10.46%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.27 billion. As a group, research analysts expect that Everest Re Group will post 23.82 earnings per share for the current year.

Insider Activity at Everest Re Group

In related news, Director John A. Weber sold 2,391 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $323.00, for a total value of $772,293.00. Following the transaction, the director now directly owns 7,744 shares in the company, valued at approximately $2,501,312. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Everest Re Group news, Director John A. Weber sold 2,391 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $323.00, for a total value of $772,293.00. Following the sale, the director now directly owns 7,744 shares in the company, valued at approximately $2,501,312. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Weber sold 2,333 shares of the firm’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $320.10, for a total transaction of $746,793.30. Following the completion of the sale, the director now owns 4,076 shares in the company, valued at $1,304,727.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,759 shares of company stock worth $2,171,162. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Everest Re Group

Institutional investors have recently modified their holdings of the stock. Trifecta Capital Advisors LLC acquired a new stake in shares of Everest Re Group during the 4th quarter worth approximately $27,000. FinTrust Capital Advisors LLC grew its position in shares of Everest Re Group by 248.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 94 shares of the insurance provider’s stock worth $26,000 after buying an additional 67 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Everest Re Group during the 3rd quarter worth approximately $26,000. Ronald Blue Trust Inc. grew its position in shares of Everest Re Group by 57.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 104 shares of the insurance provider’s stock worth $27,000 after buying an additional 38 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of Everest Re Group by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 113 shares of the insurance provider’s stock worth $31,000 after buying an additional 47 shares during the period. 92.38% of the stock is owned by institutional investors.

Everest Re Group Company Profile

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Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.