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Zacks Investment Research downgraded Everest Re Group Ltd (NYSE:RE) to Hold in a report released today.

Just yesterday Everest Re Group Ltd (NYSE:RE) traded -0.18% lower at $234.95. RE’s 50-day average is $234.06 and its two hundred day average is $218.69. With the last close up 7.24% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 74,564 shares of the stock were exchanged, down from an average trading volume of 222,927

Zacks Investment Research has downgraded Everest Re Group Ltd (NYSE:RE) to Hold in a report released on Friday April 21, 2017.

Previously on 4/18/2017, Zacks Investment Research reported on Everest Re Group Ltd (NYSE:RE) increased the target price from $0.00 to $263.00. At the time, this indicated a possible upside of 0.12%.

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Everest Re Group Ltd (NYSE:RE)

Everest Re Group Ltd has a 52 week low of $169.19 and a 52 week high of $240.51 with a P/E ratio of 9.90 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 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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