Everest Re Group, Ltd. (NYSE:RE) provider of reinsurance and insurance products, is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.66 per share.
Looking ahead, the full year income are expected at $ 12.34 per share on the revenues of $ 8425.22 million.
Previous Quarter Performance
Everest Re Group, Ltd. posted income for the second quarter of $ 2.07 per share, from the revenue of $ 2,042.00 million. Street analysts expected Everest Re Group, Ltd. to report income of $ 1.48 per share on revenue of $ 2050.00 million for the second quarter. The bottom line results beat street analysts by $ 0.59 or 39.86 percent, at the same time, top line results fell short of analysts by $ 8 million or 0.39 percent.
Stock Performance
Shares of Everest Re Group, Ltd. traded low $ -5.90 or -2.92 percent on Wednesday, reaching $ 196.20 with volume of 288.60 thousand shares. Everest Re Group, Ltd. has traded high as $ 201.51 and has cracked $ 196.20 on the downward trend
According to the previous trading day, closing price of $ 196.20, representing a 28.46 % increase from the 52 week low of $ 157.32 and a 31.33 % decrease over the 52 week high of $ 294.31.
The company has a market capital of $ 7.84 billion and is part of the Financial Services sector and Insurance – Reinsurance industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.55 per share on August 19, 2020. The dividend were payable on September 16, 2020 to holders of record as of the close of business on September 2, 2020 and ex-dividend date on September 1, 2020.
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through four segments: U.S. Reinsurance, International, Bermuda, and Insurance.
