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Wells Fargo Sticks to Their Hold Rating for Everest Re Group

Investing.com
·1-min read


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.

Greenspan expects Everest Re Group to post earnings per share (EPS) of $5.34 for the second quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Everest Re, with an average price target of $238.75.
The analysts price targets range from a high of $305 to a low of $180.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $2.21 billion and a net profit of $0. The company's market cap is $7.64 billion.

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According to TipRanks.com, Wells Fargo analyst Elyse Greenspan is a 1-star analyst with an average return of -1.8% and a 50.0% success rate.

Everest Re Group Ltd is an insurance and reinsurance company with a distribution network. The company's segments include: the U.S. Reinsurance segment that writes property and casualty reinsurance for large U.S. insurance companies and special lines of business comprising of Marine, Aviation, Surety, and Accident and Health business; the International segment, which focuses on several international reinsurance markets including Canada, Asia, Latin America, Brazil, Africa and the Middle East; the Bermuda segment that writes property and casualty reinsurance through Bermuda Re, the U.K. branch and Ireland Re; and the Insurance segment that writes insurance including property casualty insurance. The U.S. Reinsurance segment generates the majority of the revenue for the company.