Alert: Positive Investment/Fundamental Signals (11/30/23)-Everest Re Group Ltd (NYSE: RE)


Recent notable positive changes in investment behavior have benefitted Everest Re Group Ltd (NYSE: RE): the stock rose on very heavy volume.

Everest Re Group Ltd (NYSE: RE) has benefited from important positive changes in fundamentals: significant quarterly sales acceleration occurred, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

RE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.

Everest RE Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Everest RE Group has a neutral Appreciation Score of 57 but a very high Power Rating of 88, and the Positive Value Trend Rating results.

Recent Price Action

Everest Re Group Ltd (NYSE: RE) stock closed at $410.55 on 11/30/23 after a large increase of 2.0%. Moreover, trading volume in this advance was exceptionally high at 320% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.9% during the last week.

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