Today, the President of Everest Re (NYSE: RE), John P. Doucette, sold shares of RE for $193.8K.
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Based on Everest Re’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.85 billion and quarterly net profit of $69.18 million. In comparison, last year the company earned revenue of $1.5 billion and had a net profit of $243 million. RE’s market cap is $8.78B and the company has a P/E ratio of 43.59. Currently, Everest Re has an average volume of 2,627.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $238.00, reflecting a -10.0% downside. Three different firms, including Buckingham and Goldman Sachs, currently also have a Sell rating on the stock.
John P. Doucette’s trades have generated a -10.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
