Everest Re Group Ltd (RE) Releases Earnings Results, Misses Expectations By $-0.31 EPS

Everest Re Group Ltd (RE) reported quarterly earnings results on Monday, Jul-25-2016. The company reported $3.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.31. Analysts had a consensus of $3.48. Analysts expectations of $1182.25 million. During the same quarter in the previous year, the company posted $5.03 EPS.

Many Wall Street Analysts have commented on Everest Re Group Ltd. Company shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 219 from a previous price target of $211 .

Everest Re Group Ltd opened for trading at $179.7 and hit $181.17 on the upside on Wednesday, eventually ending the session at $179.62, with a gain of 0.28% or 0.5 points. The heightened volatility saw the trading volume jump to 2,56,991 shares. Company has a market cap of $7,605 M.

In a different news, on Apr 7, 2016, John R Dunne (director) sold 600 shares at $195.00 per share price. According to the SEC, on Mar 3, 2016, Roger M. Singer (director) sold 1,000 shares at $189.97 per share price. On Feb 16, 2016, John P Doucette (Executive VP and CUO) sold 1,587 shares at $185.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Everest Re Group Ltd. (Group) through its subsidiaries is engaged in the underwriting of reinsurance and insurance in the United States Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships brokers and surplus lines brokers. The Company operates in segments: U.S. Reinsurance segment International segment Bermuda segment Insurance segment and Mt. Logan Re segment. The Company offers treaty and facultative reinsurance and admitted and non-admitted insurance. The Company’s products include the range of property and casualty reinsurance and insurance coverages including marine aviation surety errors and omissions liability (E&O) directors’ and officers’ liability (D&O) medical malpractice other specialty lines accident and health (A&H) and workers’ compensation.

Everest Re Group Ltd

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