Everest Re Group, Ltd. with ticker code (RE) have now 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 455 and 380 calculating the average target price we see $420.57. Given that the stocks previous close was at $345.87 this would indicate that there is a potential upside of 21.6%. There is a 50 day moving average of $361.61 and the 200 day moving average is $309.01. The market cap for the company is $13,384m. Visit the company website at: https://www.everestre.com
The potential market cap would be $16,274m based on the market consensus.
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in the United States, Bermuda, Canada, Europe, South America, France, Germany, Spain, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors’ and officers’ liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers’ compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. The company was founded in 1973 and is headquartered in Hamilton, Bermuda.
The company has a dividend yield of 1.9% with the ex dividend date set at 15-3-2023 (DMY).
Other points of data to note are a P/E ratio of 22.88, revenue per share of 311.87 and a 1.27% return on assets.
