Everest Re Group Ltd (NYSE:RE) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Everest Re Group Ltd (NYSE:RE) to Hold in a report released on Wednesday October 05, 2016.
Previously on 9/27/2016, Zacks Investment Research reported about Everest Re Group Ltd (NYSE:RE) raised the target price from $0.00 to $214.00. At the time, this indicated a possible upside of 0.11%.
Yesterday Everest Re Group Ltd (NYSE:RE) traded 3.02% higher at $185.88. The company’s 50-day moving average is $190.71 and its 200-day moving average is $186.42. The last stock close price is down 1.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 390,515 shares of the stock were exchanged, up from an average trading volume of 245,206
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Everest Re Group Ltd has a 52 week low of $167.07 and a 52 week high of $199.98 with a P/E ratio of 10.60 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $195.75 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 9 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Everest Re Group Ltd (NYSE:RE)
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's segments include U.S. Reinsurance segment, International segment, Bermuda segment, Insurance segment and Mt. Logan Re segment. It underwrites reinsurance both through brokers and directly with ceding companies. It underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. It offers treaty and facultative reinsurance, and admitted and non-admitted insurance. Its products include the range of property and casualty reinsurance, and insurance coverage's, including marine, aviation, surety, errors and omissions liability (E&O), directors' and officers' liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers' compensation. Its subsidiaries include Everest Reinsurance (Bermuda), Ltd. and Mt. Logan Re Ltd., among others.
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