![]() The stats also highlight that short interest as of Apr 27, 2023, stood at 0.47 million shares, which puts the short ratio at the time at 2.06. The insiders’ percentage holdings are 0.50% of outstanding shares while the percentage share held by institutions stands at 96.50%. ![]() However, this figure increases on the past 10-day timeline to an average of 0.26 million.Ĭurrent records show that the company has 38.70M in outstanding shares. (NYSE:RE) stock in terms of its daily trading volume indicates that the 3-month average is 285.12K. Elsewhere in the market, the S&P 500 Index has rallied 0.29% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.30%.Īn analysis of the Everest Re Group Ltd. As for Everest Re Group Ltd., the P/E ratio stands at 22.88 lower than that of Marsh & McLennan Companies Inc.’s at 28.16 and The Progressive Corporation’s 93.55. Another comparison is with The Progressive Corporation (PGR) whose stock price is up 4.98% in the current trading session, and has flourished 24.12% over the past year. ![]() (MMC) traded -0.36% in the latest session and is positioned 12.82% up on its price 12 months ago. stock has performed in comparison to its peers in the industry, here’s what we find: RE’s stock is -1.77% on the day and 31.64% in the past 12 months, while Marsh & McLennan Companies Inc. Turning out attention to how the Everest Re Group Ltd. Investors will no doubt be excited to see the share price fall to $430.00, which is the median consensus price, and at that level RE would be -15.68% from recent price. Based on this estimate, we see that today’s price at last check is roughly -2.23% off the estimated low and -25.36% off the forecast high. Considering analysts have assigned the stock a price target range of $380.00-$466.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $426.13. (NYSE:RE)’s beta value is holding at 0.60, while the average true range (ATR) indicator is currently reading 8.30. The indicator jumps to 2.01% when calculated based on the past 30 days. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.64, with weekly volatility standing at 1.88%. The overview shows that RE’s price is at present -1.59% off the SMA20 and 1.66% from the SMA50. If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.91. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy. On the technical perspective front, indicators give RE a short term outlook of 50% Buy on average. Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. Per this projection, the revenue is forecast to grow 14.30% above that which the company brought in 2023. ![]() Staying with the analyst view, there is a consensus estimate of $13.47 billion for the company’s annual revenue in 2023. The average estimate suggests sales growth for the quarter will likely rise by 13.60% when compared to those recorded in the same quarter in the last financial year. On average, analysts have forecast the company’s revenue for the quarter will hit $3.31 billion, with the likely lows of $3.29 billion and highs of $3.37 billion. In this case, analysts estimate an annual EPS growth of 69.40% for the year and 25.30% for the next year. Analysts tracking RE have forecast the quarterly EPS to grow by 11.74 per share this quarter, while the same analysts predict the annual EPS to hit $45.86 for the year 2023 and up to $57. It is understandable that investor optimism is growing ahead of the company’s current quarter results. The company stock has a Forward Dividend ratio of 6.60, while the dividend yield is 1.74%. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.Įverest Re Group Ltd., which has a market valuation of $14.91 billion, is expected to release its quarterly earnings report – Jul 31, 2023. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before.
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