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 $106.55, above its previous 52-week high of $106.50 with 6,503 shares traded as of 9:35 a.m. ET. Average volume has been 485,100 shares over the past 30 days.

Everest Re Group has a market cap of $5.6 billion and is part of the financial sector and insurance industry. Shares are up 26.3% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 10.6, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Everest Re Group as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Everest Re Group Ratings Report.

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