Media stories about Everest Re Group (NYSE:RE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Everest Re Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 48.2476139480162 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- $1.66 Billion in Sales Expected for Everest Re Group Ltd (RE) This Quarter (americanbankingnews.com)
- Everest Re Group’s (RE) “Buy” Rating Reiterated at Barclays (americanbankingnews.com)
- Everest Re Group Ltd (RE) Expected to Announce Earnings of $5.51 Per Share (americanbankingnews.com)
- Everest Re Group Ltd (RE) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Several equities analysts recently weighed in on the company. Zacks Investment Research cut Everest Re Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $216.00 price objective on shares of Everest Re Group in a research report on Friday, November 3rd. Wells Fargo & Co reissued 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. TheStreet cut Everest Re Group from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Finally, Barclays reissued a “buy” rating and set a $290.00 price objective on shares of Everest Re Group in a research report on Sunday. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $254.13.
Everest Re Group (NYSE:RE) last posted its quarterly earnings results on Monday, February 5th. The insurance provider reported $13.48 EPS for the quarter, beating the consensus estimate of $6.04 by $7.44. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Everest Re Group had a return on equity of 4.51% and a net margin of 7.10%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.08 EPS. sell-side analysts expect that Everest Re Group will post 21.45 earnings per share for the current year.
In other news, Director John A. Graf purchased 2,285 shares of the business’s stock in a transaction on Monday, January 8th. The stock was purchased at an average price of $219.07 per share, with a total value of $500,574.95. Following the acquisition, the director now directly owns 5,550 shares in the company, valued at approximately $1,215,838.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
TRADEMARK VIOLATION WARNING: This article was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.chaffeybreeze.com/2018/02/19/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-everest-re-group-re-share-price.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.