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Why Everest Re (RE) is a Top Value Stock for the Long-Term

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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

Everest Re (RE)

Founded in 1973 and based in Hamilton, Bermuda, Everest Re Group Ltd. writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets. The company also offers other innovative products like excess and surplus lines of insurance. Everest Re virtually underwrites all classes and categories of business in treaty, facultative, and specialty lines both through brokers and directly with ceding companies.

RE boasts a Value Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of Everest Re are trading at a forward earnings multiple of 8.5X, as well as a PEG Ratio of 0.9, a Price/Cash Flow ratio of 9.3X, and a Price/Sales ratio of 1X.

A company's earnings performance is important for value investors as well. For fiscal 2022, three analysts revised their earnings estimate higher in the last 60 days for RE, while the Zacks Consensus Estimate has increased $1.02 to $34.25 per share. RE also holds an average earnings surprise of 20.4%.

RE should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.


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Everest Re Group, Ltd. (RE) : Free Stock Analysis Report
 
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Zacks Investment Research

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