Everest Re Group Rises On Unusually High Volume (RE)

NEW YORK ( TheStreet) -- Everest Re Group (NYSE: RE) is trading at unusually high volume Thursday with 1.3 million shares changing hands. It is currently at four times its average daily volume and trading up $4.50 (+4.7%) at $99.93 as of 3:50 p.m. ET.

Everest Re Group has a market cap of $5.93 billion and is part of the financial sector and insurance industry. Shares are up 13.5% 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 (U.S.), Bermuda, and international markets. It operates in four segments: U.S. Reinsurance, Insurance, International, and Bermuda. The U.S.

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 solid stock price performance. 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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