Media stories about Everest Re Group (NYSE:RE) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press 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 positive one, with scores nearest to one being the most favorable. Everest Re Group earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.9804701111555 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Shoals takes The Star’s place in The Everest (smh.com.au)
- Shoals secures The Star Entertainment Group’s slot in The Everest (dailytelegraph.com.au)
- The Star Gets Shoals For The Everest (thoroughbreddailynews.com)
- Northwood Realty to Acquire Berkshire Hathaway HomeServices The Preferred Realty, Company Will Join the Berkshire Hathaway HomeServices Network (rismedia.com)
- Northwood Realty Services to Acquire Berkshire Hathaway HomeServices The Preferred Realty and Join the Berkshire Hathaway HomeServices Network (scnow.com)
Shares of Everest Re Group traded down $1.34, hitting $226.00, during trading on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 225,900 shares, compared to its average volume of 327,866. Everest Re Group has a 12-month low of $208.81 and a 12-month high of $277.17. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.12 and a beta of 0.47. 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 announced its quarterly earnings data on Wednesday, April 25th. The insurance provider reported $5.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.40 by ($0.06). Everest Re Group had a return on equity of 4.04% and a net margin of 5.64%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business earned $6.48 earnings per share. equities analysts anticipate that Everest Re Group will post 20.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 13th. Investors of record on Wednesday, May 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Tuesday, May 29th. Everest Re Group’s dividend payout ratio is currently 57.14%.
A number of equities research analysts have commented on RE shares. Morgan Stanley reiterated an “equal weight” rating and issued a $258.00 price target (up from $247.00) on shares of Everest Re Group in a research note on Thursday, March 1st. Barclays reiterated a “buy” rating and issued a $290.00 price target (up from $279.00) on shares of Everest Re Group in a research note on Sunday, February 18th. ValuEngine upgraded Everest Re Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $302.00 price objective for the company in a research note on Monday, March 12th. Finally, Wells Fargo & Co set a $240.00 price objective on Everest Re Group and gave the stock a “hold” rating in a research note on Wednesday, April 11th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Everest Re Group has an average rating of “Hold” and a consensus target price of $260.57.
Everest Re Group Company Profile
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products. The company operates through the U.S. Reinsurance, International, Bermuda, and Insurance segments. 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 Unites States.
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.