Everest Re Group (RE) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Everest Re Group in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RE shares.
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5 brokerages have issued 12-month target prices for Everest Re Group's shares. Their RE share price forecasts range from $345.00 to $468.00. On average, they anticipate the company's share price to reach $410.60 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
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Everest Re Group's stock was trading at $331.27 at the beginning of 2023. Since then, RE stock has increased by 14.0% and is now trading at $377.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RE earnings forecast.

Everest Re Group, Ltd. (NYSE:RE) released its earnings results on Monday, May, 1st. The insurance provider reported $11.31 EPS for the quarter, missing the consensus estimate of $12.48 by $1.17. The insurance provider had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.10 billion. Everest Re Group had a trailing twelve-month return on equity of 12.98% and a net margin of 5.34%. Everest Re Group's quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.31 earnings per share.
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Everest Re Group declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Wednesday, May 31st will be given a dividend of $1.65 per share on Friday, June 16th. This represents a $6.60 annualized dividend and a dividend yield of 1.75%.
Read our dividend analysis for RE.

ETFs with the largest weight of Everest Re Group (NYSE:RE) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), Pinnacle Focused Opportunities ETF (FCUS), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE), Ballast Small/Mid Cap ETF (MGMT), Invesco DWA Financial Momentum ETF (PFI), First Trust Financial AlphaDEX Fund (FXO) and Democratic Large Cap Core ETF (DEMZ).

Everest Re Group (NYSE:RE) pays an annual dividend of $6.60 per share and currently has a dividend yield of 1.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RE will have a dividend payout ratio of 12.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RE.

1 employees have rated Everest Re Group Chief Executive Officer Juan Andrade on Glassdoor.com. Juan Andrade has an approval rating of 100% among the company's employees. This puts Juan Andrade in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Everest Re Group investors own include Johnson & Johnson (JNJ), Home Depot (HD), AbbVie (ABBV), UnitedHealth Group (UNH), Exxon Mobil (XOM), Bank of America (BAC), iShares Biotechnology ETF (IBB), Northrop Grumman (NOC), Phillips 66 (PSX) and Adobe (ADBE).

Everest Re Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "RE."

Everest Re Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.49%), State Street Corp (4.50%), Boston Partners (4.13%), Envestnet Asset Management Inc. (4.07%), Victory Capital Management Inc. (2.67%) and Franklin Resources Inc. (2.64%). Insiders that own company stock include John A Weber, John P Doucette, Sanjoy Mukherjee and William F Galtney Jr.
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Shares of RE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RE stock can currently be purchased for approximately $377.50.

Everest Re Group (NYSE:RE) has a market capitalization of $14.83 billion and generates $12.06 billion in revenue each year. The insurance provider earns $597 million in net income (profit) each year or $16.86 on an earnings per share basis.

The company employs 2,428 workers across the globe.

Everest Re Group's mailing address is 141 Front Street, HAMILTON D0, HM 19. The official website for the company is www.everestre.com. The insurance provider can be reached via phone at (441) 295-0006, via email at investor.relations@everestre.com, or via fax at 441-295-4828.