Hashtag: #EverestRe
Deutsche Bank Ups Everest Price Target
Analysts at Deutsche Bank raised their price target on shares of Bermuda domiciled reinsurer Everest Re Group from $128.00 to $147.00 in a research report issued to clients and investors on Tuesday [Apr. 30]. The firm currently has a “buy” rating on the stock. RE has been the subject of a number of other recent research reports. Analysts at Barclays... Read more of this article
New Study On Reinsurance Hubs Released
Research and Markets — a leading international market research and market data firm — on Monday [Apr. 29] announced the addition of the “2020 Foresight Report: Reinsurance Hubs” report to its catalogue of publications. A Research and Markets spokesperson said: “Growing uncertainties in the global economy and the increasing... Read more of this article
Barclays Issues New Everest Price Target
Equities researchers at Barclays Capital increased their price target on shares of Bermuda’s Everest Re Group from $122.00 to $129.00 in a report issued on Thursday [Apr. 25]. Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Everest Re Group in a research note... Read more of this article
Everest Re Ltd. Reports Record Earnings
Bermuda’s Everest Re Group, Ltd. yesterday [Apr. 23] reported net income of $384.3 million, or $7.50 per diluted common share, for the first quarter of 2013, compared to net income of $304.7 million, or $5.68 per diluted common share, for the first quarter of 2012. Excluding realised capital gains and losses, after-tax operating income1 was $301.1... Read more of this article
Analysts Predict Strong Everest Re Q1 Earnings
Bermuda’s Everest Re Group Ltd. will release its first quarter 2013 earnings after trading closes on the New York Stock Exchange on Tuesday [Ap. 23]. A conference call discussing the results will be held at 10:30 a.m. Eastern Time on Wednesday, April 24. Wall Street anticipates that Everest Re Group will earn $4.30 for the quarter. Researchers... Read more of this article
Barclays Affirms Everest Re Group Hold Rating
Barclays Capital reissued their hold rating on shares of Everest Re Group in a research report released yesterday [Apr. 17], AnalystRatingsNetwork.com reports. Barclays Capital currently has a $122.00 price target on the stock. Several other analysts have also recently commented on the stock. Analysts at Macquarie downgraded shares of Everest Re Group... Read more of this article
Everest Re Group Downgraded To “Neutral”
ermuda’s Everest Re Group was downgraded by Macquarie to a “neutral” rating in a research note issued on Monday [Apr. 15], AnalystRatingsNetwork reports. A number of other firms have also recently commented on RE. Analysts at Zacks upgraded shares of Everest Re Group from a “neutral” rating to an “outperform” rating in a research note... Read more of this article
Zacks Upgrades Everest Re To “Outperform”
Bermuda’s Everest Re Group was yesterday [Apr. 10] upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients, AnalystRatingsNetwork.com reports. The firm currently has a $153.00 price target on the stock. Zacks‘ analyst wrote, “We are upgrading our recommendation on the shares of Everest... Read more of this article
Everest Enters Into Agreement With Arrowhead
Bermuda-based Everest Re Group, Ltd.’s wholly-owned primary insurance subsidiary, Everest Security Insurance Company, [ESIC] has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown & Brown, Inc. Under the terms of the agreement, ESIC will transfer certain assets associated with its non-standard... Read more of this article
Everest Re Group Declare $0.48 Dividend
On 20 February 2013, Bermuda-based Everest Re Group, Ltd. declared a dividend of $0.48 per share payable on or before March 20, 2013 to all shareholders of record as of March 6, 2013. Related Stories Everest Announces Repurchase & Dividend Addesso: “Exceptional Quarter” For Everest Everest Appoints New Actuary And Risk Chief Everest Names... Read more of this article
Everest Re Group Establishes Mt. Logan Re
Everest Re Group has formed Mt. Logan Re Ltd., a new Bermuda domiciled special purpose reinsurer, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. Everest CEO Joseph V. Taranto said: “We are pleased to have Rick Pagnani join us as the Chief Executive Officer of this new venture. Rick brings a wealth... Read more of this article
Everest Re Reports Q3 2012 Earnings
Bermuda-based Everest Re Group, Ltd. have reported third quarter 2012 net income of $250.9 million, or $4.82 per diluted common share, compared to net income of $63.1 million, or $1.16 per diluted common share, for the third quarter of 2011. After-tax operating income1, excluding realized capital gains and losses, was $210.6 million, or $4.05 per diluted... Read more of this article
