Press coverage about Everest Re Group (NYSE:RE) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Everest Re Group earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 47.8879506691998 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Everest Re Group stock traded down $2.09 on Thursday, hitting $257.50. 18,193 shares of the stock were exchanged, compared to its average volume of 366,712. The stock has a market capitalization of $10,628.96, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.20 and a beta of 0.52. Everest Re Group has a 1 year low of $208.81 and a 1 year 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.
Everest Re Group (NYSE:RE) last issued its earnings results on Monday, February 5th. The insurance provider reported $13.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.04 by $7.44. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.52 billion. Everest Re Group had a net margin of 7.10% and a return on equity of 4.51%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $9.08 earnings per share. equities analysts forecast that Everest Re Group will post 21.72 EPS for the current year.
RE has been the topic of several recent analyst reports. 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 research report on Friday, January 5th. Wells Fargo reiterated a “market perform” rating and set a $235.00 price objective (down previously from $240.00) on shares of Everest Re Group in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods raised shares of Everest Re Group from an “underperform” rating to a “market perform” rating in a report on Monday, November 27th. Morgan Stanley reissued an “equal weight” rating and issued a $258.00 target price (up from $247.00) on shares of Everest Re Group in a report on Thursday, March 1st. Finally, TheStreet raised shares of Everest Re Group from a “c+” rating to a “b-” rating in a research note on Monday, January 22nd. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Everest Re Group presently has a consensus rating of “Hold” and an average target price of $260.13.
In other news, Director John A. Graf acquired 2,285 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average cost of $219.07 per share, for a total transaction of $500,574.95. Following the completion of the acquisition, the director now directly owns 5,550 shares of the company’s stock, valued at approximately $1,215,838.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger M. Singer sold 1,000 shares of Everest Re Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $244.58, for a total value of $244,580.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: “Everest Re Group (RE) Receiving Somewhat Favorable News Coverage, Analysis Shows” was posted by BBNS and is owned by of BBNS. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://baseballnewssource.com/2018/03/22/everest-re-group-re-receiving-somewhat-favorable-news-coverage-study-finds/1927292.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.