Everest Re Group Ltd. (RE): Today's Featured Insurance Laggard

Everest Re Group was a leading decliner within the insurance industry, falling $1.42 (-1.1%) to $126.86 on average volume
By TheStreet Wire ,

Everest Re Group

(

RE

) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Everest Re Group fell $1.42 (-1.1%) to $126.86 on average volume. Throughout the day, 456,248 shares of Everest Re Group exchanged hands as compared to its average daily volume of 398,800 shares. The stock ranged in price between $126.07-$128.73 after having opened the day at $128.44 as compared to the previous trading day's close of $128.28. Other companies within the Insurance industry that declined today were:

Atlas Financial Holdings

(

AFH

), down 3.8%,

Unico American Corporation

(

UNAM

), down 3.8%,

Life Partners Holdings

(

LPHI

), down 2.7% and

Crawford & Company

(

CRD.B

), down 2.0%.

Everest Re Group, Ltd., through its subsidiaries, underwrites reinsurance and insurance products. It operates in four segments: U.S. Reinsurance, Insurance, International, and Bermuda. The U.S. Everest Re Group has a market cap of $6.3 billion and is part of the financial sector. Shares are up 16.7% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Everest Re Group a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Everest Re Group

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

Citizens

(

CIA

), up 5.8%,

First Acceptance Corporation

(

FAC

), up 3.8%,

Manulife Financial Corporation

(

MFC

), up 3.4% and

Kingsway Financial Services

(

KFS

), up 3.1% , were all gainers within the insurance industry with

MetLife

(

MET

) being today's featured insurance industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider

KBW Insurance ETF

(

KIE

) while those bearish on the insurance industry could consider

Proshares Short Financials

(

SEF

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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