Everest Re Group Ltd (RE) VP John P. Doucette Sells 300 Shares

Everest Re Group Ltd (NYSE:RE) VP John P. Doucette sold 300 shares of Everest Re Group stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.84, for a total transaction of $72,852.00. Following the sale, the vice president now owns 21,434 shares of the company’s stock, valued at $5,205,032.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Everest Re Group Ltd (RE) traded down $0.06 on Wednesday, hitting $243.20. 118,242 shares of the company traded hands, compared to its average volume of 397,756. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 0.31. Everest Re Group Ltd has a 1 year low of $208.81 and a 1 year high of $277.17. The firm has a market cap of $9,933.76, a PE ratio of 27.49, a P/E/G ratio of 1.13 and a beta of 0.59.

Everest Re Group (NYSE:RE) last posted its earnings results on Monday, February 5th. The insurance provider reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.04 by $7.44. Everest Re Group had a net margin of 7.10% and a return on equity of 4.51%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the business posted $9.08 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. analysts forecast that Everest Re Group Ltd will post 21.45 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Barclays restated a “buy” rating and set a $290.00 price objective (up from $279.00) on shares of Everest Re Group in a research note on Sunday. TheStreet upgraded shares of Everest Re Group from a “c+” rating to a “b-” rating in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Everest Re Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co reiterated a “market perform” rating and issued a $235.00 target price (down from $240.00) on shares of Everest Re Group in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $234.00 target price on shares of Everest Re Group in a research note on Wednesday, December 6th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $254.13.

Several institutional investors and hedge funds have recently bought and sold shares of RE. Focused Wealth Management Inc purchased a new stake in Everest Re Group in the 4th quarter worth $111,000. Valeo Financial Advisors LLC purchased a new stake in Everest Re Group in the 3rd quarter worth $137,000. Cerebellum GP LLC purchased a new stake in Everest Re Group in the 4th quarter worth $133,000. Tower Research Capital LLC TRC purchased a new stake in Everest Re Group in the 4th quarter worth $144,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Everest Re Group by 87.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 750 shares of the insurance provider’s stock worth $166,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

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Everest Re Group Company Profile

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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