|Bid||255.88 x 1100|
|Ask||255.95 x 1400|
|Day's Range||251.37 - 257.06|
|52 Week Range||201.09 - 260.51|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||20.34|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||5.60 (2.22%)|
|1y Target Est||264.90|
Reinsurance stocks are rallying Tuesday as Hurricane Dorian is now expected to skirt Florida and avoid the direct hit on the state’s coast that was projected last week. “If Dorian does not make US landfall, we believe there could still be sizable claims paid by the global re/insurance industry, although likely much less than the $30bn or more of insured damage we initially said was possible if there were a direct Category 3 or 4 strike in Florida,” wrote Barclays analyst Jay Gelb in a note Sunday.
As Hurricane Dorian devastates causing huge cat loss, we focus on few insurers and reinsurers how the share price moves and impact financial results.
Reinsurance stocks came under pressure Friday as investors worried that Hurricane Dorian could result in large insured losses in Florida.
After writing about American International Group earlier today, I thought about looking at the charts of Everest Re Group, Ltd. , and I found a similar weak pattern on their charts. In this daily bar chart of RE, below, we can see that prices have rolled over since early May. Prices were bouncing off of a "neckline" around $242 but that tentative support has given way and RE is testing the rising 200-day moving average line. The On-Balance-Volume (OBV) line made its high in May and its subsequent decline the past four months tells me that sellers have been more aggressive.
Everest Re Group, Ltd. (NYSE:RE) is about to trade ex-dividend in the next 4 days. If you purchase the stock on or...
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.40 per share payable on or before September 18, 2019 to all shareholders of record as of September 4, 2019.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Everest Re Group Ltd. New York, August 16, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Everest Re Group Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Everest Re's second-quarter results are likely to benefit from its global presence, product diversification, capital adequacy, financial flexibility and traditional risk management capabilities.
Arch Capital's (ACGL) second-quarter earnings are likely to benefit from Mortgage insurance business, better pricing and benign catastrophe environment.
Everest Re (RE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RiskGenius, a company which provides software-based natural language processing (NLP) tools for improving the quality and accuracy of insurance policies, today announced it has completed a Series B financing led by Hudson Structured Capital Management Ltd., doing business as HSCM Bermuda. The financing marks RiskGenius’ entry into a new phase of growth—the company has also expanded partnerships with three of the world’s largest insurance carriers, Everest Insurance, FM Global and Liberty Mutual, and has appointed Sean Mollet to the position of chief technology officer. The financing round, which originated from a customer referral, also included participation from RiskGenius’ existing investors, as well as new investors, Hearst Ventures and FM Global.
Everest Re Group Ltd NYSE:REView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for RE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RE. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding RE are favorable, with net inflows of $8.80 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.