Everest Re Group Named Highest Dividend Stock With Insider Buys And 2.43% Return (RE)
IIn this series we take a look at the most recent Dividend channel ” DividendRank, ” then we select only companies that have been the subject of insider buying in the past six months. Executives and directors of a company tend to have a unique insider view of the company, and probably the only reason an insider would choose to take their hard-earned money and use it to buy stocks on the market. free market is that he expects to do so. make money – maybe they find the title very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks that see insider buys appear and are also top ranked, investors are advised to take note. One of these companies is Everest Re Group Ltd (ticker: RE), which was acquired by director Meryl D. Hartzband.
On February 11, Hartzband invested $ 244,190.00 in 1,000 shares of RE, at a cost per share of $ 244.19. In trading on Thursday, the shares were changing hands as low as $ 254.91 per share, or 4.4% above the Hartzband buy price. It should be noted that Hartzband has collected $ 3.10 / share in dividends since the time of their purchase, so they are currently up 5.7% on their purchase on a total return basis. Shares of Everest Re Group Ltd are currently trading at + 0.73% on the day. The chart below shows the one-year performance of RE shares, compared to its 200-day moving average:
Looking at the chart above, RE’s low point in its 52 week range is $ 192.09 per share, with $ 281.27 as a 52 week high – which compares to a last trade of 256. , $ 37. For comparison, below is a table showing the prices at which insider buys were recorded in the past six months:
|Purchased||Insider||Title||Actions||Price / Share||Value|
|02/11/2021||Meryl D. Hartzband||Director||1000||$ 244.19||$ 244,190.00|
The DividendRank report noted that among the hedging universe, RE stocks displayed both attractive valuation metrics and strong profitability metrics. The report also cited Everest Re Group Ltd’s solid quarterly dividend history and favorable long-term, multi-year growth rates in key fundamental data points.
The report states: “Dividend investors who approach investing from a value perspective are generally more interested in finding the strongest, most profitable companies, which are also trading at an attractive valuation. This is what we are looking to find by using our proprietary DividendRank formula, which ranks the hedging universe according to our various profitability and valuation criteria, in order to generate a list of the most “ interesting ” stocks, aimed at investors as a source of ideas that deserve further research. ”
The annualized dividend paid by Everest Re Group Ltd is $ 6.2 / share, currently paid in quarterly installments, and its last ex-date dividend was 05/25/2021. Below is a chart of the long-term dividend history for RE, which the report highlighted as being of key importance. Indeed, studying the past of a company dividend history can be useful in judging whether the most recent dividend is likely to continue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.