Wells Fargo analyst Elyse Greenspan maintained a Buy rating on Everest Re (RE – Research Report) yesterday and set a price target of $408.00. The company’s shares closed yesterday at $357.09.
According to TipRanks, Greenspan is a 5-star analyst with an average return of 11.1% and a 65.72% success rate. Greenspan covers the Financial sector, focusing on stocks such as Allstate, Metlife, and Progressive.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Everest Re with a $382.75 average price target, which is a 7.19% upside from current levels. In a report released on February 1, Raymond James also initiated coverage with a Buy rating on the stock with a $385.00 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $361.67 and a one-year low of $243.33. Currently, Everest Re has an average volume of 275.8K.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 an insurance and reinsurance company with a distribution network. The company’s segments include: the U.S. Reinsurance segment that writes property and casualty reinsurance for large U.S. insurance companies and special lines of business comprising of Marine, Aviation, Surety, and Accident and Health business; the International segment, which focuses on several international reinsurance markets including Canada, Asia, Latin America, Brazil, Africa and the Middle East; the Bermuda segment that writes property and casualty reinsurance through Bermuda Re, the U.K. branch and Ireland Re; and the Insurance segment that writes insurance including property casualty insurance. The U.S. Reinsurance segment generates the majority of the revenue for the company.
Read More on RE:
