|Bid||263.58 x 1000|
|Ask||264.60 x 1400|
|Day's Range||261.74 - 264.61|
|52 Week Range||201.09 - 264.61|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||20.98|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||5.60 (2.14%)|
|1y Target Est||264.90|
Everest Re Group, Ltd. (“Everest”) (RE) will release its third quarter 2019 financial results on October 28, 2019 after the NYSE market close. At that time, Everest’s earnings release and financial supplement will be made available at www.everestre.com/Investors. Everest Re Group, Ltd. (“Everest”) is a leading global provider of reinsurance and insurance, operating for more than 40 years through subsidiaries in the U.S., Europe, Bermuda and other territories.
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.