The stock of Everest Re Group Ltd (NYSE:RE) is a huge mover today! The stock decreased 2.36% or $4.49 during the last trading session, hitting $185.63. About 369,200 shares traded hands or 67.19% up from the average. Everest Re Group Ltd (NYSE:RE) has declined 0.90% since March 2, 2016 and is downtrending. It has underperformed by 9.16% the S&P500.
The move comes after 6 months negative chart setup for the $7.86 billion company. It was reported on Oct, 6 by Barchart.com. We have $170.78 PT which if reached, will make NYSE:RE worth $628.80 million less.
Analysts await Everest Re Group Ltd (NYSE:RE) to report earnings on October, 24. They expect $3.38 earnings per share, down 25.71% or $1.17 from last year’s $4.55 per share. RE’s profit will be $143.12M for 13.73 P/E if the $3.38 EPS becomes a reality. After $3.17 actual earnings per share reported by Everest Re Group Ltd for the previous quarter, Wall Street now forecasts 6.62% EPS growth.
Everest Re Group Ltd (NYSE:RE) Ratings Coverage
Out of 2 analysts covering Everest Re Group Ltd (NYSE:RE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Everest Re Group Ltd has been the topic of 3 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Everest Re Group Ltd (NYSE:RE) rating on Thursday, May 12. Deutsche Bank has “Buy” rating and $219 price target.
According to Zacks Investment Research, “Everest Re Group, Ltd. is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Reinsurance Co. underwrites virtually all classes and categories of business in treaty, facultative and specialty lines, both through brokers and directly with ceding companies. Primary insurance products and services are available through several subsidiary operations.”
Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.04, from 0.88 in 2016Q1. The ratio is positive, as 32 funds sold all Everest Re Group Ltd shares owned while 145 reduced positions. 40 funds bought stakes while 123 increased positions. They now own 37.89 million shares or 2.66% less from 38.92 million shares in 2016Q1.
Princeton Alpha Mgmt L P last reported 6,377 shares in the company. Robeco Institutional Asset Mngmt Bv accumulated 396,325 shares or 0.55% of the stock. Ajo L P reported 887,479 shares or 0.72% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt owns 8,149 shares or 0.03% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky holds 0.03% or 10,996 shares in its portfolio. Marshall Wace Ltd Liability Partnership owns 62,582 shares or 0.1% of their US portfolio. Mackenzie Financial reported 10,876 shares or 0.01% of all its holdings. Fmr Limited Liability Company holds 0% of its portfolio in Everest Re Group Ltd (NYSE:RE) for 3,241 shares. Bridgeway Mngmt Inc holds 0.5% of its portfolio in Everest Re Group Ltd (NYSE:RE) for 176,330 shares. Wells Fargo Mn reported 40,326 shares or 0% of all its holdings. Nordea Mgmt Ab last reported 0% of its portfolio in the stock. The United Kingdom-based Legal And General Group Public Ltd Com has invested 0.05% in Everest Re Group Ltd (NYSE:RE). Paloma Prtn accumulated 0.02% or 9,418 shares. Moreover, Quantbot Technologies Limited Partnership has 0.1% invested in Everest Re Group Ltd (NYSE:RE) for 5,363 shares. Principal Finance Group Inc, a Iowa-based fund reported 786,840 shares.
Insider Transactions: Since April 6, 2016, the stock had 1 insider purchase, and 2 selling transactions for $377,522 net activity. WEBER JOHN A also bought $9,784 worth of Everest Re Group Ltd (NYSE:RE) on Wednesday, September 21. The insider DUNNE JOHN R sold 200 shares worth $38,006. The insider Doucette John P sold $349,300.
More notable recent Everest Re Group Ltd (NYSE:RE) news were published by: Businesswire.com which released: “Everest Re Group Announces Strategic Alliance with CGB Diversified Services …” on July 25, 2016, also Businesswire.com with their article: “Everest Re Group, Ltd. Names Michael G. Kerner as Executive Vice President and …” published on March 30, 2016, Businesswire.com published: “Robert Schaetti To Join Everest Re Group’s Zurich Office” on September 01, 2016. More interesting news about Everest Re Group Ltd (NYSE:RE) were released by: Seekingalpha.com and their article: “Everest Re Group Ltd. Earnings Analysis: Q2 2016 By The Numbers” published on August 02, 2016 as well as Fool.com‘s news article titled: “Everest Re Group Ltd.’s Premiums Decline in Q1” with publication date: April 26, 2016.
RE Company Profile
Everest Re Group, Ltd., incorporated on August 26, 1999, through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Firm operates in divisions: U.S. Reinsurance, International, Bermuda, Insurance segment and Mt. Logan Re. The Firm underwrites reinsurance both through brokers and directly with ceding companies. The Firm underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Firm offers treaty and facultative reinsurance, and admitted and non-admitted insurance. The Company’s products include the range of property and casualty reinsurance, and insurance coverage’s, including marine, aviation, surety, errors and omissions liability (E&O), directors’ and officers’ liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers’ compensation. The Company’s subsidiaries include Everest Reinsurance (Bermuda), Ltd. (Bermuda Re), Everest International Reinsurance, Ltd., Mt. Logan Re Ltd. (Mt. Logan Re), Everest Reinsurance Company (Ireland) Limited (Ireland Re), Everest Reinsurance Company (Everest Re), Everest Insurance Company of Canada, Everest National Insurance Company, Everest Indemnity Insurance Company and Everest Security Insurance Company.
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