Raymond James analyst Charles Peters reiterated a Buy rating on Everest Re (RE – Research Report) today and set a price target of $415.00. The company’s shares closed last Friday at $379.48.
According to TipRanks, Peters is a 5-star analyst with an average return of 9.2% and a 67.17% success rate. Peters covers the Financial sector, focusing on stocks such as Everest Re, Willis Towers Watson, and Chubb.
Everest Re has an analyst consensus of Moderate Buy, with a price target consensus of $405.80, which is a 6.94% upside from current levels. In a report released on February 10, Wells Fargo also reiterated a Buy rating on the stock with a $426.00 price target.
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The company has a one-year high of $395.00 and a one-year low of $243.33. Currently, Everest Re has an average volume of 282.6K.
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.
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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.
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