Jefferies initiated coverage on Everest Re Group with a new price target
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Property-Casualty Insurers
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Jefferies initiated coverage of Everest Re Group with a rating of Buy and set a new price target of $335.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2023 | $420.00 → $450.00 | Outperform → Strong Buy | Raymond James |
| 6/21/2023 | $406.00 | Buy | Citigroup |
| 6/20/2023 | $429.00 | Overweight | Morgan Stanley |
| 2/2/2023 | $385.00 | Outperform | Raymond James |
| 1/20/2023 | $380.00 | Market Perform | BMO Capital Markets |
| 11/9/2022 | $320.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/15/2022 | $331.00 → $340.00 | Overweight | Morgan Stanley |
| 1/14/2022 | $321.00 → $331.00 | Overweight | Morgan Stanley |
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) of the operating subsidiaries of Everest Re Group, Ltd. (Bermuda) (collectively referred to as Everest). Concurrently, AM Best has affirmed the Long-Term ICRs of "a-" (Excellent) of Everest Re Group, Ltd. (NYSE:RE) and Everest Reinsurance Holdings, Inc. (Delaware). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of Everest Reinsurance Holdings, Inc. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) The ratings reflect Everest's balanc
Everest Re Group, Ltd. (NYSE:RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has appointed FBI cyber veteran Don Good as Chief Information Security Officer, effective immediately. He will report to Srini Maddineni, Everest's Group Chief Information Officer, and will be based in Warren, NJ. "Don's appointment reflects our ongoing commitment to the highest level of preparedness and capabilities that protect and strengthen our technology environment across the globe," said Srini Maddineni. "His unique depth of experience and exceptional public and private sector credentials, combined with intimate knowledge of t
Everest Re Group, Ltd. ("Everest") (NYSE:RE) will hold its second quarter 2023 earnings conference call on Thursday, July 27, 2023, beginning at 8:00 am Eastern Time. Dial in details can be obtained by completing the registration form available at: https://dpregister.com/sreg/10178895/f970c5f2cd The call can be accessed via a live, listen only webcast at www.everestglobal.com/Investors where a replay of the call will also be available. Everest will release financial results on July 26, 2023 after the NYSE market close. At that time, Everest's earnings release and financial supplement will be made available at www.everestglobal.com/Investors. Everest will change its name to Everest G
8-K - EVEREST GROUP, LTD. (0001095073) (Filer)
8-K - EVEREST GROUP, LTD. (0001095073) (Filer)
10-Q - EVEREST GROUP, LTD. (0001095073) (Filer)
Everest Re Group, Ltd. ("Everest") (NYSE:RE) will hold its second quarter 2023 earnings conference call on Thursday, July 27, 2023, beginning at 8:00 am Eastern Time. Dial in details can be obtained by completing the registration form available at: https://dpregister.com/sreg/10178895/f970c5f2cd The call can be accessed via a live, listen only webcast at www.everestglobal.com/Investors where a replay of the call will also be available. Everest will release financial results on July 26, 2023 after the NYSE market close. At that time, Everest's earnings release and financial supplement will be made available at www.everestglobal.com/Investors. Everest will change its name to Everest G
Everest Re Group, Ltd. announced that its Board of Directors declared a dividend of $1.65 per common share payable on or before June 16, 2023 to all shareholders of record as of May 31, 2023. About Everest Everest is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers' most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. Everest common stock (NYSE:RE) is a component of the
19.5%1 GWP Growth and 16.2% Underwriting Income Growth, Led by Record Reinsurance Growth and Strong Pricing Momentum 14.2% Net Income ROE, 17.2 % Operating ROE 91.2% Combined Ratio and 87.5% Attritional Combined Ratio Everest Re Group, Ltd. ("Everest" or the "Group") today reported its first quarter 2023 results. First Quarter 2023 Highlights Strong year-over-year improvements in Net Operating Income of $443 million, and Net Income of $365 million driven by continued underwriting margin improvement 14.1% Total Shareholder Return, 14.2% Net Income ROE, and 17.2% Operating Income ROE $3.7 billion in gross written premium ("GWP") with year-over-year growth of 19.5% in constant
4 - EVEREST GROUP, LTD. (0001095073) (Issuer)
4 - EVEREST GROUP, LTD. (0001095073) (Issuer)
4 - EVEREST GROUP, LTD. (0001095073) (Issuer)
Upgrades For Credicorp Ltd (NYSE:BAP), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. For the first quarter, Credicorp had an EPS of $4.55, compared to year-ago quarter EPS of $3.70. At the moment, the stock has a 52-week-high of $158.90 and a 52-week-low of $113.21. Credicorp closed at $147.50 at the end of the last trading period. According to Guggenheim, the prior rating for Exelon Corp (NASDAQ:EXC) was changed from Neutral to Buy. In the first quarter, Exelon showed an EPS of $0.70, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.23 and a 52-week-low of $35.19. Exelon closed at $41.06 at the end of the la
Raymond James analyst C. Gregory Peters upgrades Everest Re Group (NYSE:RE) from Outperform to Strong Buy and raises the price target from $420 to $450.
Upgrades For DiaMedica Therapeutics Inc (NASDAQ:DMAC), Oppenheimer upgraded the previous rating of Perform to Outperform. In the first quarter, DiaMedica Therapeutics showed an EPS of $0.20, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.05 and a 52-week-low of $1.12. DiaMedica Therapeutics closed at $3.64 at the end of the last trading period. For Kellogg Co (NYSE:K), Bernstein upgraded the previous rating of Underperform to Market Perform. For the first quarter, Kellogg had an EPS of $1.10, compared to year-ago quarter EPS of $1.10. At the moment, the stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. Kellogg closed at $65.24
SC 13G/A - EVEREST GROUP, LTD. (0001095073) (Subject)
SC 13G/A - EVEREST RE GROUP LTD (0001095073) (Subject)
SC 13G/A - EVEREST RE GROUP LTD (0001095073) (Subject)
Everest Re Group, Ltd. (NYSE:RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has appointed FBI cyber veteran Don Good as Chief Information Security Officer, effective immediately. He will report to Srini Maddineni, Everest's Group Chief Information Officer, and will be based in Warren, NJ. "Don's appointment reflects our ongoing commitment to the highest level of preparedness and capabilities that protect and strengthen our technology environment across the globe," said Srini Maddineni. "His unique depth of experience and exceptional public and private sector credentials, combined with intimate knowledge of t
Everest Re Group, Ltd. (NYSE:RE) ("Everest"), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced that Ricardo Anzaldua has been appointed Executive Vice President and Group General Counsel, effective June 12, 2023. Mr. Anzaldua will report to President and CEO Juan C. Andrade and will serve on the Company's executive leadership team. "Ricardo is a highly accomplished and trusted strategic advisor whose exceptional legal acumen and extensive knowledge of complex, global business and legal issues make him a valuable addition to our senior leadership team," said Juan C. Andrade, Everest President and CEO
Everest Re Group, Ltd. ("Everest") (NYSE:RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Mike Mulray as Executive Vice President and President of North America Insurance, effective immediately. Mr. Mulray most recently served as Global Chief Operating Officer for Everest Insurance®, and in his new role, will lead all aspects of North America, the Insurance division's largest portfolio. He will report to Mike Karmilowicz, President and CEO of Everest Insurance®. "Mike's appointment as President of North America augments our world-class senior leadership team, bringing a dedic
Raymond James upgraded Everest Re from Outperform to Strong Buy and set a new price target of $450.00 from $420.00 previously
Citigroup initiated coverage of Everest Re with a rating of Buy and set a new price target of $406.00
Morgan Stanley initiated coverage of Everest Re with a rating of Overweight and set a new price target of $429.00
4 - EVEREST GROUP, LTD. (0001095073) (Issuer)
4 - EVEREST GROUP, LTD. (0001095073) (Issuer)
4 - EVEREST GROUP, LTD. (0001095073) (Issuer)