Media stories about Everest Re Group (NYSE:RE) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Everest Re Group earned a news sentiment score of 0.43 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Langen Mcalenn Equities Analysts Lift Earnings Estimates for Everest Re Group, Ltd. (NYSE:RE) (americanbankingnews.com)
- Everest Re Group Has Returned 35.4% Since SmarTrend Recommendation (RE) (mysmartrend.com)
- Langen Mcalenn Brokers Lift Earnings Estimates for Everest Re Group, Ltd. (RE) (americanbankingnews.com)
- Everest Re Group, Ltd. (NYSE:RE) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Everest Re Group (NYSE:RE) opened at 263.75 on Friday. The stock’s 50 day moving average is $251.28 and its 200-day moving average is $235.40. Everest Re Group has a one year low of $176.51 and a one year high of $263.95. The firm has a market capitalization of $10.83 billion, a PE ratio of 9.84 and a beta of 0.63.
Everest Re Group (NYSE:RE) last released its earnings results on Monday, April 24th. The insurance provider reported $6.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.35 by $0.94. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. Everest Re Group had a net margin of 18.49% and a return on equity of 12.70%. During the same period in the prior year, the firm earned $5.19 EPS. On average, analysts anticipate that Everest Re Group will post $20.86 EPS for the current fiscal year.
RE has been the subject of a number of research reports. Deutsche Bank AG restated a “buy” rating and issued a $262.00 price target (up from $240.00) on shares of Everest Re Group in a report on Saturday, April 29th. Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “buy” rating and set a $263.00 price target for the company in a report on Tuesday, April 18th. Wells Fargo & Company restated a “hold” rating on shares of Everest Re Group in a report on Monday, April 24th. Barclays PLC raised their price target on shares of Everest Re Group from $269.00 to $299.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 25th. Finally, ValuEngine upgraded shares of Everest Re Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Everest Re Group presently has a consensus rating of “Hold” and an average target price of $242.57.
In other news, VP John P. Doucette sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $256.03, for a total value of $256,030.00. Following the sale, the vice president now directly owns 21,834 shares of the company’s stock, valued at approximately $5,590,159.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.
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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