Everest Re Group Ltd (NYSE:RE) SVP Jonathan Zaffino sold 1,048 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $248.01, for a total value of $259,914.48. Following the completion of the transaction, the senior vice president now directly owns 9,617 shares in the company, valued at $2,385,112.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE:RE opened at $248.26 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 0.08. Everest Re Group Ltd has a twelve month low of $201.09 and a twelve month high of $251.67. The company has a market cap of $10.11 billion, a PE ratio of 53.39, a PEG ratio of 1.03 and a beta of 0.36.
Everest Re Group (NYSE:RE) last issued its earnings results on Monday, May 6th. The insurance provider reported $6.91 earnings per share for the quarter, topping analysts’ consensus estimates of $5.91 by $1.00. Everest Re Group had a return on equity of 3.08% and a net margin of 3.19%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned $5.34 earnings per share. Everest Re Group’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that Everest Re Group Ltd will post 24.3 EPS for the current fiscal year.
Several equities analysts have issued reports on RE shares. Zacks Investment Research raised Everest Re Group from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Wells Fargo & Co reissued a “hold” rating and issued a $235.00 price target on shares of Everest Re Group in a research note on Thursday, January 24th. Deutsche Bank lowered Everest Re Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 28th. ValuEngine raised Everest Re Group from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, UBS Group boosted their price target on Everest Re Group from $236.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Everest Re Group has an average rating of “Hold” and an average target price of $249.67.
Large investors have recently modified their holdings of the company. CWM LLC lifted its position in shares of Everest Re Group by 129.9% during the 1st quarter. CWM LLC now owns 23,568 shares of the insurance provider’s stock valued at $5,090,000 after buying an additional 13,317 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Everest Re Group by 143.5% in the fourth quarter. Squarepoint Ops LLC now owns 18,263 shares of the insurance provider’s stock valued at $3,977,000 after acquiring an additional 10,763 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Everest Re Group by 326.4% in the third quarter. JPMorgan Chase & Co. now owns 828,753 shares of the insurance provider’s stock valued at $189,345,000 after acquiring an additional 634,401 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in shares of Everest Re Group by 34.8% in the fourth quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 5,660 shares of the insurance provider’s stock worth $1,233,000 after buying an additional 1,460 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its position in shares of Everest Re Group by 116.1% in the fourth quarter. State of Tennessee Treasury Department now owns 19,704 shares of the insurance provider’s stock worth $4,291,000 after buying an additional 10,585 shares in the last quarter. 73.79% of the stock is currently owned by institutional investors.
Everest Re Group Company Profile
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance. The U.S. Reinsurance segment writes property and casualty reinsurance; and specialty lines of business, including marine, aviation, surety, and accident and health insurance through reinsurance brokers, as well as directly with ceding companies in the United States.
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