Q1 2020 Everest Re Group Ltd Earnings Call
Wells Fargo (NYSE:WFC) analyst Elyse Greenspan maintained a Hold rating on Everest Re (NYSE:RE) Group on Thursday, setting a price target of $221, which is approximately 35.73% above the present share price of $162.82.
There is a disconnect between how much the stocks have fallen and how much analysts have scaled back their expectations for earnings.
Everest Re Group, Ltd. ("Everest" or the "Company") announced that on May 13, 2020 its Board of Directors declared a dividend of $1.55 per share payable on or before June 10, 2020 to all shareholders of record as of May 27, 2020.
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Everest Re Group, Ltd. ("Everest" or the "Company") today reported that for the three months ended March 31, 2020, net income was $16.6 million, or $0.41 per diluted common share, compared to net income of $354.6 million, or $8.67 per diluted common share, for the three months ended March 31, 2019. After-tax operating income¹ for the quarter was $164.4 million, or $4.03 per diluted common share, compared to after-tax operating income¹ of $282.4 million, or $6.91 per diluted common share, for the same period in 2019.
Insurers in the first quarter are likely to have suffered from low interest rates and charges from the COVID-19 impact but benefited from strong top lines driven by their vast and diversified businesses.
Everest Re Group is a reinsurance company that provides insurance and reinsurance for property, worker's comp, crops and accidents. Yesterday the company said that it expects a Q1 combined ratio below 100% for consolidated reinsurance and insurance operations, including losses for expected claims related to the pandemic.
Everest Re (RE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Highlights: Intel, Adobe, Advanced Micro Devices, Wynn Resorts and Everest Re Group
Everest Re Group, Ltd. ("Everest") (NYSE: RE) will release its first quarter 2020 financial results on May 6, 2020 after the NYSE market close.
Everest Re (RE) Q1 earnings reflect growth in premiums earned and improved net investment income.
Everest Re (RE) Q1 performance is likely to have benefited from higher net investment income, increased insurance premiums and strong capital position.
Everest Re Group, Ltd. ("Everest" or the "Company") announced today the estimated impact from the Covid-19 pandemic ("Pandemic") on its first quarter 2020 results. Everest is providing details in advance of its full quarterly earnings to be released on May 6, 2020.
Everest Re (RE) delivered earnings and revenue surprises of 6.90% and 3.61%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Everest Re Group, Ltd. ("Everest") announced today that Dana Lodge has joined the firm as Chief Financial Officer of Everest Insurance®, reporting to Everest Insurance® President and CEO, Jonathan Zaffino as well as Everest Group CFO Craig Howie. Dana will be based at the company’s US Headquarters in Liberty Corner, New Jersey.
Everest Re Group, Ltd. ("Everest") announced today that Alex Poracchia has joined the company as its International Chief Actuary and Chief Financial Officer of the organization’s Everest Global Markets division.
Everest Re (RE) is poised to benefit from high premium growth in the reinsurance market as well as a solid capital position.
It looks like Everest Re Group, Ltd. (NYSE:RE) is about to go ex-dividend in the next 4 days. You can purchase shares...