Credit Suisse analyst Michael Zaremski maintained a Hold rating on Everest Re (NYSE: RE) today and set a price target of $257. The company’s shares opened today at $217.90.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 4.7% and a 57.1% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Selective Insurance Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Everest Re with a $235.33 average price target, representing a 8.0% upside. In a report issued on October 18, Wells Fargo also maintained a Hold rating on the stock with a $235 price target.
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Based on Everest Re’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $206 million. In comparison, last year the company had a GAAP net loss of $639 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.
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Everest Re Group Ltd. is a holding company, which engages in the provision of reinsurance and insurance services. It operates through four segments: U.S. Reinsurance, International, Bermuda and Insurance.
