Here's Why Everest Re (RE) is a Strong Value Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Everest Re (RE)
Founded in 1973 and based in Hamilton, Bermuda, Everest Re Group Ltd. writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets. The company also offers other innovative products like excess and surplus lines of insurance. Everest Re virtually underwrites all classes and categories of business in treaty, facultative, and specialty lines both through brokers and directly with ceding companies.
RE sits at a Zacks Rank #1 (Strong Buy), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Insurance - Property and Casualty industry's P/E of 13.6X, shares of Everest Re are trading at a forward P/E of 8.4X. RE also has a PEG Ratio of 0.3, a Price/Cash Flow ratio of 13.3X, and a Price/Sales ratio of 1.2X.
Many value investors pay close attention to a company's earnings as well. For RE, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $4.56 to $45.16 per share for 2023. Per share RE boasts an average earnings surprise of 18.4%.
RE should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Everest Re Group, Ltd. (RE) : Free Stock Analysis Report
