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Saturday, June 3, 2023

Everest Re Group Ltd. (NYSE: RE) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Everest Re Group Ltd. (RE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $3.21, or 0.89%, to $364.70. The Everest Re Group Ltd. has recorded 8,651 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Everest to Rebrand Company Name and NYSE Ticker to Reflect its Evolution, Global Growth and Diversification Strategy.

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Stocks Info

Everest Re Group Ltd. is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Reinsurance industry. At the end of the last regular session, the stock closed at $361.49 and fluctuated between $375.27 as its day high and $357.27 as its day low. The current market capitalization of Everest Re Group Ltd. is $14.24B. A total of 0.72 million shares were traded on the day, compared to an average of 341.34K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RE has seen 16 BUY and 15 SELL insider trades, representing the acquisition of 30,414 and the disposition of 8,712 shares. Over the last 12 months, there were 23 BUYs and 31 SELLs from insiders. Insiders purchased 31,510 shares during that period but sold 35,308.

In the most recent transaction, WEBER JOHN A sold 2,333 shares of RE for 320.10 per share on Dec 16. After the transaction, the Director now owns 4,076 company shares. In a previous transaction on Dec 16, WEBER JOHN A sold 1,155 shares at 320.10 per share. RE shares that Director owns now total 332.

Among the insiders who sold shares, Mukherjee Sanjoy disposed of 700 shares on Nov 17 at a per-share price of $317.38. This resulted in the ExecVP, Gen Counsel, Secretary holding 42,393 shares of RE after the transaction. In another insider transaction, GALTNEY WILLIAM F JR sold 4,000 shares at $325.93 per share on Nov 02. Company shares held by the Director now total 34,106.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Everest Re Group Ltd. pays an annual dividend of $6.60, resulting in a dividend yield of 1.83%, and it has a price to earnings (P/E) ratio of 21.85. RE’s most recent ex-dividend date was 5/30/2023 when it declared a $1.65 quarterly dividend that was paid in cash on 6/16/2023. Previously, the company paid the dividend on 3/30/2023 with an ex-dividend date of 3/15/2023. The RE stock dividend was $1.65 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RE in the last 3 months, the mean price target is $427.50 with high estimates of $477.00 and low estimates of $380.00. In terms of 52-week highs and lows, RE has a high of $394.99 and a low of $244.57.

As of this writing, RE has an earnings estimate of $11.45 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $13 per share and a lower estimate of $10.35. The company reported an EPS of $12.21 in the last quarter, which was 23.70% higher than expectations of $9.87.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RE’s latest balance sheet shows that the firm has $24.93B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $232.92, while its Total Shareholder’s Equity was $10.14B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RE is Buy with a score of 4.60.

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