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Zacks Investment Research announced Everest Re Group Ltd (NYSE:RE), boosting its stock price target to $293.00 today

In a report released on 7/7/2017 Zacks Investment Research increased the stock price target of Everest Re Group Ltd (NYSE:RE) to $293.00 indicating a possible upside of 0.12%.

Yesterday Everest Re Group Ltd (NYSE:RE) traded -1.57% lower at $261.32. The company’s 50-day moving average is $263.19 and its 200-day moving average is $245.23. The last stock close price is up 8.09% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 218,581 shares of the stock were exchanged, down from an average trading volume of 456,833

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Everest Re Group Ltd (NYSE:RE)

Everest Re Group Ltd has a 52 week low of $183.04 and a 52 week high of $277.17 with a P/E ratio of 9.09 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $195.75 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 9 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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 operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company 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. (Bermuda Re) and Everest International Reinsurance, Ltd.

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