News headlines about Everest Re Group (NYSE:RE) have trended somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Everest Re Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.6688612661368 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s rankings:
- Former Chubb Exec Collura to Lead Everest Re’s New Private Company/Non-Profit Business (carriermanagement.com)
- Everest Taps Former Chubb Exec Collura to Lead New Private Company/Non-Profit Business (insurancejournal.com)
- Everest Re Group Ltd. breached its 50 day moving average in a Bullish Manner : RE-US : November 10, 2017 (finance.yahoo.com)
- Everest Re Group, Ltd. (RE) Upgraded to “Hold” by Zacks Investment Research (americanbankingnews.com)
Shares of Everest Re Group (NYSE RE) traded down $3.80 on Friday, reaching $225.47. 589,200 shares of the company traded hands, compared to its average volume of 398,269. The company has a market capitalization of $9,240.00, a price-to-earnings ratio of 54.59, a PEG ratio of 13.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.33. Everest Re Group has a 52-week low of $206.60 and a 52-week high of $277.17.
Everest Re Group (NYSE:RE) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported ($16.43) earnings per share for the quarter, missing the consensus estimate of $3.68 by ($20.11). Everest Re Group had a negative net margin of 37.02% and a negative return on equity of 30.98%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business posted $6.53 EPS. Everest Re Group’s revenue was up 16.6% compared to the same quarter last year. research analysts expect that Everest Re Group will post 1.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th will be given a $1.30 dividend. This is a positive change from Everest Re Group’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.31%. Everest Re Group’s dividend payout ratio (DPR) is currently 76.10%.
Several research analysts have commented on the stock. Wells Fargo & Company reiterated a “hold” rating on shares of Everest Re Group in a report on Monday, July 24th. Barclays PLC increased their price target on shares of Everest Re Group from $299.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. UBS AG reissued a “neutral” rating and issued a $256.00 price target (up from $251.00) on shares of Everest Re Group in a research report on Tuesday, August 1st. Finally, BidaskClub lowered shares of Everest Re Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $248.56.
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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.
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