KBW Keeps Their Hold Rating on Everest Re

By Jason Carr

In a report issued on December 4, Meyer Shields from KBW reiterated a Hold rating on Everest Re (NYSE: RE), with a price target of $234. The company’s shares opened today at $211.06, close to its 52-week low of $209.22.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 7.4% and a 72.1% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

Everest Re has an analyst consensus of Hold, with a price target consensus of $243.

Everest Re’s market cap is currently $8.71B and has a P/E ratio of 33.36. The company has a book value ratio of 1.0876.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through four segments: U.S. Reinsurance, International, Bermuda and Insurance. The U.S.