Media stories about Everest Re Group (NYSE:RE) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Everest Re Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 44.9533266886152 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Everest Re Group Ltd (RE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Pre-Market Technical Scan on Insurance Equities — AXIS Capital, Everest Re, MGIC Investment, and RenaissanceRe (bizjournals.com)
- Pre-Market Technical Scan on Insurance Equities — AXIS Capital, Everest Re … (prnewswire.com)
- Everest Re Group (RE) Up 5.1% Since Earnings Report: Can It Continue? (finance.yahoo.com)
- Donald Smith & CO. Inc. Buys 31,925 Shares of Everest Re Group Ltd (RE) (americanbankingnews.com)
Shares of Everest Re Group (NYSE RE) traded up $5.28 during trading on Friday, reaching $262.62. 400,192 shares of the company’s stock were exchanged, compared to its average volume of 341,396. The firm has a market capitalization of $10,725.40, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.21 and a beta of 0.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.33 and a quick ratio of 0.33. Everest Re Group has a 12-month low of $208.81 and a 12-month high of $277.17.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 6th. This represents a $5.20 dividend on an annualized basis and a yield of 1.98%. Everest Re Group’s payout ratio is 46.68%.
Several equities research analysts have recently commented on RE shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $234.00 price target on shares of Everest Re Group in a research report on Wednesday, December 6th. TheStreet upgraded shares of Everest Re Group from a “c+” rating to a “b-” rating in a report on Monday, January 22nd. Morgan Stanley restated an “equal weight” rating and set a $258.00 price objective (up previously from $247.00) on shares of Everest Re Group in a report on Thursday, March 1st. Barclays restated a “buy” rating and set a $290.00 price objective (up previously from $279.00) on shares of Everest Re Group in a report on Sunday, February 18th. Finally, Zacks Investment Research upgraded shares of Everest Re Group from a “hold” rating to a “strong-buy” rating and set a $253.00 price objective for the company in a report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $254.00.
In other news, VP John P. Doucette sold 300 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $242.84, for a total value of $72,852.00. Following the completion of the transaction, the vice president now owns 21,434 shares of the company’s stock, valued at $5,205,032.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger M. Singer sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $244.58, for a total transaction of $244,580.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% 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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