Something To Watch Before Buying Everest Re Group Ltd. (NYSE:RE)

Everest Re Group Ltd. (NYSE:RE) shares traded lower over the last trading session, losing -0.75% on 02/18/21. The shares fell to a low of $240.07 before closing at $240.90. Intraday shares traded counted 0.16 million, which was 35.51% higher than its 30-day average trading volume of 244.81K. RE’s previous close was $242.72 while the outstanding shares total 39.48M. The firm has a beta of 0.67, a 12-month trailing P/E ratio of 25.81, and a growth ratio of 5.33. The stock’s Relative Strength Index (RSI) is 60.78, with weekly volatility at 2.56% and ATR at 6.16. The RE stock’s 52-week price range has touched low of $157.32 and a $291.84 high.

Investors have identified the Insurance – Reinsurance company Everest Re Group Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $9.68 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 28.69 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RE sounds very interesting.

Is the stock of RE attractive?

In related news, Director, HARTZBAND MERYL D bought 1,000 shares of the company’s stock in a transaction that recorded on Feb 11. The purchase was performed at an average price of 244.19, for a total value of 244,190. As the purchase deal closes, the Director, WEBER JOHN A now sold 500 shares of the company’s stock, valued at 107,677. Also, President/CEO Reinsurance Div, Doucette John P sold 1,006 shares of the company’s stock in a deal that was recorded on Aug 20. The shares were cost at an average price of 215.75 per share, with a total market value of 217,048. Following this completion of disposal, the President/CEO Reinsurance Div, Doucette John P now holds 994 shares of the company’s stock, valued at 221,707. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.

6 out of 10 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Everest Re Group Ltd.. 0 analysts has assigned a Sell rating on the RE stock. The 12-month mean consensus price target for the company’s shares has been set at $267.78.

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