Revenue Update on Everest Re Group Ltd(NYSE:RE)

Everest Re Group Ltd(NYSE:RE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $1.441B. Analysts estimated a revenue of $1.320B. The revenues were 9.17% above the estimates. Earnings per share were $8.83. The reported EPS was above estimates by 145.28%. Analysts had estimated an EPS of $3.6.

Everest Re Group Ltd (RE) made into the market gainers list on Tuesdays trading session with the shares advancing 2.59% or 5.75 points. Due to strong positive momentum, the stock ended at $227.85, which is also near the day’s high of $229.97. The stock began the session at $222.87 and the volume stood at 6,72,116 shares. The 52-week high of the shares is $229.97 and the 52 week low is $169.19. The company has a current market capitalization of $9,319 M and it has 4,08,99,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 30, 2016, John A Weber (director) purchased 51 shares at $191.84 per share price.Also, On Sep 14, 2016, John R Dunne (director) sold 200 shares at $190.03 per share price.On Aug 4, 2016, John P Doucette (Executive VP and CUO) sold 1,840 shares at $189.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Everest Re Group Ltd. (Group) through its subsidiaries is engaged in the underwriting of reinsurance and insurance in the United States Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships brokers and surplus lines brokers. The Company operates in segments: U.S. Reinsurance segment International segment Bermuda segment Insurance segment and Mt. Logan Re segment. The Company offers treaty and facultative reinsurance and admitted and non-admitted insurance. The Company’s products include the range of property and casualty reinsurance and insurance coverages including marine aviation surety errors and omissions liability (E&O) directors’ and officers’ liability (D&O) medical malpractice other specialty lines accident and health (A&H) and workers’ compensation.

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