Everest Re Group's (RE) Buy Rating Reiterated at Deutsche Bank AG

Cornelia Mascio
Mag 20, 2017

Deutsche Bank AG increased their price objective on XL Group from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, April 28th. Barclays PLC lifted their price objective on Everest Re Group from $269.00 to $299.00 and gave the company an "equal weight" rating in a report on Tuesday. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter a year ago, the firm earned $5.19 earnings per share. They now have a Dollars 262 price target on the stock. The stock's market capitalization is 3.88B, it has a 52-week low of 790.00 and a 52-week high of 948.94. Finally, Royal Bank of Canada upped their price target on shares of XL Group from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, April 27th. Everest Re Group's dividend payout ratio is 21.00%.

12/09/2014 - JP Morgan began new coverage on Everest Re Group, Ltd. giving the company a " rating.

In other Everest Re Group news, Director John A. Weber sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, February 9th.

Stock market analysts watching Everest Re Group, Ltd. (NYSE:RE) have recently changed their ratings on the stock.

According to Zacks, analysts expect that Everest Re Group will report full year sales of $1.46 billion for the current year, with estimates ranging from $6.02 billion to $6.09 billion. Zacks Investment Research upgraded shares of Everest Re Group from a "hold" rating to a "buy" rating and set a $263.00 target price on the stock in a report on Tuesday, April 18th. The company has a 50-day moving average of $240.42 and a 200-day moving average of $226.08. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock.

Shares of Everest Re Group (NYSE:RE) traded up 0.67% during mid-day trading on Friday, hitting $245.48. The company has a consensus rating of "Hold" and a consensus target price of $234.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $234.75, for a total transaction of $117,375.00. The stock was sold at an average price of $256.03, for a total transaction of $256,030.00. Following the sale, the director now owns 8,557 shares in the company, valued at approximately $1,950,996. The disclosure for this sale can be found here. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and global copyright law. Corporate insiders own 1.30% of the company's stock. IFP Advisors Inc boosted its position in shares of Everest Re Group by 1.6% in the first quarter. Numeric Investors LLC now owns 396,916 shares of the insurance provider's stock valued at $85,893,000 after buying an additional 138,916 shares during the last quarter. Toronto Dominion Bank now owns 447 shares of the insurance provider's stock worth $104,000 after buying an additional 84 shares in the last quarter. FIL Ltd purchased a new stake in XL Group during the fourth quarter worth approximately $133,187,000.

COPYRIGHT VIOLATION WARNING: "Somewhat Positive News Coverage Extremely Likely to Affect Everest Re Group (RE) Share Price" was originally posted by Community Financial News and is the property of of Community Financial News. Hedge funds and other institutional investors own 91.37% of the company's stock.

Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and worldwide markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment.

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