As of Wednesday close, Everest Re Group Ltd.’s (NYSE:RE) stock was up $1.66, moving up 0.51 percent to $328.91. The average number of shares traded per day over the past five days has been 273,140 shares. 4 times new highs have been achieved over the past 5 days, with a $11.51 gain in that time frame. In the last twenty days, the average volume was 377,590, while in the previous 50 days, it was 357,812.
Since last month, RE stock rose 16.20%. Shares of the company fell to $277.09 on 10/25/22, the lowest level in the past month. A 52-week high of $337.50 was reached on 11/04/22 after having rallying from a 52-week low of $244.57. Since the beginning of this year, RE’s stock price has risen by 20.08% or $54.99, and marked a new high 23 times. However, the stock has declined by -2.55% since its 52-week high.
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RE stock investors should be aware that Everest Re Group Ltd. (RE) stock had its last reported insider trading activity 7 days ago on Nov 17. Mukherjee Sanjoy, the ExecVP, Gen Counsel, Secretary of the company, disposed of 700 shares for $317.38 on Nov 17. It resulted in a $222,166 divestment by the insider. GALTNEY WILLIAM F JR sold 4,000 shares at an average price of $325.93 on Nov 02. The insider now owns 34,106 shares following the transaction. On Nov 02, Director WEBER JOHN A sold 1,335 shares at $322.03 apiece. The transaction was valued at $429,910.
Right now, Everest Re Group Ltd. (RE) has a P/E ratio of about 24.55. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.67, and the price-to-cash flow ratio of 3.64 may also be considered.
The latest dividend of $1.65 per share was paid out, remained unchanged from last year’s $1.65. On Thursday May 12 2022, a $0.10 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.40, and the total debt-to-equity ratio was 0.40. In the year ended September 29, operating margins totaled 8.70%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.00%. Return on equity (ROE) for the past 12 months was 5.80%.
In Everest Re Group Ltd.’s quarter-end financial report for September 29, it reported total debt of $218.0 million. RE’s revenue fell -0.45% to $1.75 billion during the quarter, while net income inched up to $2.0 billion. While analysts expected Everest Re Group Ltd. to report -$5.61 quarterly earnings, the actual figure was -$5.28 per share, beating the consensus estimate by 5.90%. The value of shareholders’ equity is $39.16 million.
This quick technical analysis looks at Everest Re Group Ltd.’s (RE) price momentum. With a historical volatility rate of 24.46%, the RSI 9-day stood at 68.75% on 23 November.
With respect to its five-day moving average, the current Everest Re Group Ltd. price is up by +3.63% percent or $11.51. At present, RE shares trade +16.81% above its 20-day simple moving average and +18.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.40% above its SMA50 and +13.27% above its SMA200.
Stochastic coefficient K was 65.81% and Stochastic coefficient D was 58.50%, while ATR was 8.09. Given the Stochastic reading of 72.71% for the 14-day period, the RSI (14) reading has been calculated as 66.08%. As of today, the MACD Oscillator reading stands at 7.46, while the 14-day reading stands at 5.21.
Everest Re Group Ltd. downgraded its rating on Everest Re Group Ltd. (NYSE: RE) to an Equal-weight in a note to investors on November 09, 2022. The analysts firm previously had an Overweight rating on the stock.Everest Re Group Ltd. (RE) has been rated Buy by analysts. According to 0 brokerage firms, RE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Everest Re Group Ltd. stock as buy, with 7 recommending it as overweight.
With a median target price of $340.00, the current consensus forecast for the stock is $310.00 – $375.00. Based on these forecasts, analysts predict Everest Re Group Ltd. (RE) will achieve an average price target of $339.43.