Media headlines about Everest Re Group (NYSE:RE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Everest Re Group earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 48.2476139480162 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Everest Insurance Adds Barge to Central Region Team in Houston (insurancejournal.com)
- Everest Re Group (RE) Upgraded to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
- Here’s Why Everest Re is an Attractive Investment Option (finance.yahoo.com)
- Here's Why Everest Re is an Attractive Investment Option (finance.yahoo.com)
- Everest Re Group Ltd (RE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Everest Re Group (NYSE:RE) traded down $0.47 during trading hours on Wednesday, reaching $261.30. 5,183 shares of the company’s stock were exchanged, compared to its average volume of 376,620. The firm has a market cap of $10,675.11, a P/E ratio of 29.54, a PEG ratio of 1.20 and a beta of 0.52. Everest Re Group has a twelve month low of $208.81 and a twelve month high of $277.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, March 6th. Everest Re Group’s dividend payout ratio (DPR) is presently 46.68%.
Several analysts have issued reports on RE shares. TheStreet lowered shares of Everest Re Group from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Wells Fargo & Co reiterated a “market perform” rating and issued a $235.00 price objective (down from $240.00) on shares of Everest Re Group in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $253.00 price objective on the stock in a report on Friday, January 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $234.00 price target on shares of Everest Re Group in a research note on Wednesday, December 6th. Finally, Barclays reiterated a “buy” rating and set a $290.00 price objective (up from $279.00) on shares of Everest Re Group in a research note on Sunday, February 18th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Everest Re Group presently has an average rating of “Hold” and an average price target of $260.13.
In related news, Director Roger M. Singer sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $244.58, for a total value of $244,580.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John A. Graf acquired 2,285 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of $219.07 per share, for a total transaction of $500,574.95. Following the completion of the purchase, the director now directly owns 5,550 shares in the company, valued at approximately $1,215,838.50. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Everest Re Group (RE) Share Price” was published by BBNS and is owned by of BBNS. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://baseballnewssource.com/2018/03/14/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-everest-re-group-re-stock-price/1889639.html.
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.
Receive News & Ratings for Everest Re Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Re Group and related companies with MarketBeat.com's FREE daily email newsletter.