Everest Re Group Ltd. stock forecast: down to 0.00 USD RE stock price prognosis

STOCK

Forecast for Fri 01 Sep 2023 price 344.18

Everest Re Group Ltd. stock price forecast for further price development down to 0.00% (time horizon: 1 day) and price target of 0.00 USD. Negative news sentiment. Short-term (time horizon: 2 weeks) Everest Re Group Ltd. share price prediction for 2023-09-01 with daily closed price projections

Key Facts

Symbol RE 

CUSIP G3223R108


Currency USD


Category Fire, Marine & Casualty Insurance

Forecast price change %


News sentiment (-0.90)


News <--> Close correlation for next day influence ()

Relative Strength Index (RSI)

Finance numbers

Revenue 10,358,000,000.0


Earnings per share 20.89


Dividends 6.20

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

Holdings continues to be the holding company for the Company's U.S. based operations. At December 31, 2020, Everest Re had statutory surplus of $5.3 billion. &# The majority of Everest Indemnity's business is reinsured by its parent, Everest Re. &# The prior year presented segment information has been reformatted to reflect this change. It is important to note that PMLs are estimates. Modeled events are hypothetical events produced by a stochastic model. Reinsurance and Retrocession Arrangements. No other retrocessionaire accounted for more than 5% of our receivables. On July 13, 2015, the Company sold Mt. McKinley to Clearwater Insurance Company. Some amounts may not reconcile due to rounding.) a) Represents the amount of OTTI recognized in AOCI. A.M. Best affirmed these ratings on May 29, 2020. Worldwide insurance and reinsurance market conditions historically have been competitive. The industry continues to deal with the impacts of a global pandemic, COVID-19. The pandemic has caused significant volatility in the global financial markets. Interest rates plummeted, credit spreads widened and the equity markets lost value. As of February 1, 2021, the Company employed 1,746 persons. It is also authorized to conduct reinsurance business in Singapore and Brazil. Everest Premier is licensed in 50 states and the District of Columbia. Various proposals to change the RBC formula arise from time to time. In addition, reinsurers may be unwilling to pay us even though they are able to do so. Special considerations apply to our Bermuda operations. The value of these assets fluctuates with changes in the markets. Limitation of Liability of Directors and Officers. The imposition of such tax would reduce our net income. Catastrophe insurance provides coverage for one event. 44 There will also be a negative impact on future industry underwriting results. This change is consistent with the change in gross written premiums. Our combined ratio increased by 7.4 points to 102.9% in 2020, compared to 95.5% in 2019. The Company does not maintain separate balance sheet data for its operating segments. The current year catastrophe losses of $541.5 million in 2019 are outlined above. This information is recorded into our records. Our A&E liabilities emanate from Everest Re's assumed reinsurance business. Credit ratings are forward-looking and consider a variety of economic outcomes. As of December 31, 2020, we had repurchased 29.6 million shares under this authorization. Everest's information technology is a key component of its business operations. Accounting for Long Duration Contracts. Accounting for Impact on Income Taxes due to Tax Reform. SAB 118 became effective upon release. The Company adopted the guidance effective January 1, 2019. The cumulative effect adjustment to the opening balance of retained earnings was zero. Recognition and Measurement of Financial Instruments. Actual events or results may differ materially from our expectations. Based on that evaluation, there has been no such change during the fourth quarter. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Business and Basis of Presentation. Each acquisition lot is reviewed to recalculate the effective yield. F-10 C. Allowance for Receivable Balances. Credit ratings are reviewed and updated at least annually. Therefore, it is not possible to provide this information. This method relies entirely on actual paid or reported losses to project ultimate losses. No other factors such as changes

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1095073/000109507321000006/0001095073-21-000006.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 86.80/100
    • Good financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 179701
A - OSAIC HOLDINGS, INC. 2023-06-30 2776
Alamar Capital Management, LLC 2023-03-31 5383
METROPOLITAN LIFE INSURANCE CO/NY 2021-03-31 4928
METROPOLITAN LIFE INSURANCE CO/NY 2020-06-30 5701

Fund ownership list is based on filling form information

Fund name Date Amount Profile
iShares Trust 2023-11-30 1736 Long
iShares, Inc. 2023-11-30 2632 Long
Nuveen Investment Trust II 2023-11-30 2700 Long
SARATOGA ADVANTAGE TRUST 2023-11-30 33 Long
Victory Portfolios III 2023-11-30 397 Long


Bollinger Bollinger Bands for Everest Re Group Ltd. can provide the information where the market is moving based on price information.


Everest Re Group Ltd. Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.



Converting prices to returns Everest Re Group Ltd..


On-Balance Volume information for Everest Re Group Ltd.. On-Balance Volume information can be an indicator for bullish or bearish outcome.



Accumulation / Distribution (A/D) indicator information for Everest Re Group Ltd.. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for Everest Re Group Ltd.. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for Everest Re Group Ltd.. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for Everest Re Group Ltd.. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for Everest Re Group Ltd.. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for Everest Re Group Ltd.. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.


The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.


The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.


Moving Average Crossover


52W High 52W Low Market Cap

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Figure below show the stock predictions.
Date Closing price Prediction was updated

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.