Everest Re Group Stock Hits New 52-Week High (RE)

NEW YORK ( TheStreet) -- Everest Re Group (NYSE: RE) hit a new 52-week high Thursday as it is currently trading at $94.74, above its previous 52-week high of $94.71 with 159,764 shares traded as of 11:59 a.m. ET. Average volume has been 322,400 shares over the past 30 days.

Everest Re Group has a market cap of $4.99 billion and is part of the financial sector and insurance industry. Shares are up 10.6% year to date as of the close of trading on Wednesday.

Everest Re Group, Ltd., together with its subsidiaries, underwrites reinsurance and insurance in the United States (the U.S.), Bermuda, and international markets. The company operates in five segments: U.S. Reinsurance, U.S. Insurance, Specialty Underwriting, International, and Bermuda.

TheStreet Ratings rates Everest Re Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Everest Re Group Ratings Report.

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