Somewhat Positive News Coverage Somewhat Unlikely to Impact Everest Re Group (RE) Stock Price

Press coverage about Everest Re Group (NYSE:RE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Everest Re Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.7667166124553 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Everest Re Group (NYSE:RE) traded down $4.50 during trading hours on Monday, hitting $213.56. 567,631 shares of the company’s stock were exchanged, compared to its average volume of 408,067. The firm has a market capitalization of $8,955.66, a PE ratio of 51.92, a price-to-earnings-growth ratio of 12.73 and a beta of 0.61. Everest Re Group has a 52 week low of $207.93 and a 52 week high of $277.17. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.08.

Everest Re Group (NYSE:RE) last issued its earnings results on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.68 by ($20.11). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. Everest Re Group had a return on equity of 2.22% and a net margin of 4.27%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the company posted $6.53 earnings per share. sell-side analysts predict that Everest Re Group will post 1.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date is Tuesday, November 28th. Everest Re Group’s dividend payout ratio is 81.63%.

A number of research analysts have commented on RE shares. UBS reduced their price objective on shares of Everest Re Group from $256.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. ValuEngine downgraded shares of Everest Re Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $230.00 price objective on shares of Everest Re Group in a research note on Friday, October 13th. Buckingham Research started coverage on shares of Everest Re Group in a research note on Monday, September 11th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of Everest Re Group from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $248.56.

In other Everest Re Group news, Director William F. Galtney, Jr. bought 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $225.29 per share, with a total value of $1,351,740.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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About Everest Re Group

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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