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Principale » Brokers Change Their Target Price On Everest Re Group, Ltd. (NYSE:RE)

Brokers Change Their Target Price On Everest Re Group, Ltd. (NYSE:RE)

20 Mai 2017

AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Assetmark Inc. acquired a new position in shares of Everest Re Group during the first quarter worth approximately $142,000.

RE has been the subject of a number of research analyst reports. Macquarie cut Everest Re Group from a "neutral" rating to an "underperform" rating and set a $186.00 price target for the a research note on Tuesday, January 17th. Zacks Investment Research downgraded shares of Everest Re Group from a "buy" rating to a "hold" rating in a report on Friday, April 21st. Wells Fargo & Co reaffirmed a "hold" rating on shares of Everest Re Group in a report on Monday, April 24th. 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 average 1 year target price among analysts that have covered the stock in the last year is $229.20.

Shares of XL Group (NYSE:XL) traded down 1.92% on Friday, reaching $41.45. The stock has a 50-day moving average price of $239.73 and a 200 day moving average price of $225.11. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 9.10 and a beta of 0.49. Everest Re Group has a one year low of $169.19 and a one year high of $258.30.

XL Group (NYSE:XL) last issued its quarterly earnings results on Wednesday, April 26th. The insurance provider reported $6.29 EPS for the quarter, beating analysts' consensus estimates of $5.35 by $0.94. XL Group had a return on equity of 3.42% and a net margin of 4.18%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period previous year, the business posted $5.19 earnings per share. On average, equities research analysts expect that Everest Re Group will post $20.49 earnings per share for the current fiscal year. Investors of record on Thursday, June 15th will be paid a dividend of $0.22 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. Everest Re Group's dividend payout ratio is 21.00%. Alpha One also assigned news coverage about the insurance provider an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an effect on the company's share price in the near term. The shares were sold at an average price of $234.75, for a total transaction of $117,375.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John P. Doucette sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $256.03, for a total transaction of $256,030.00. Following the completion of the sale, the vice president now owns 21,834 shares in the company, valued at approximately $5,590,159.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,500 shares of company stock worth $1,285,405.

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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 worldwide markets. The Company operates through two segments: Insurance and Reinsurance.

XL Group plc is an insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises.