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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Everest Re Group (NYSE: RE) hit a new 52-week high Wednesday as it is currently trading at $128.40, above its previous 52-week high of $128.37 with 119,981 shares traded as of 1:15 p.m. ET. Average volume has been 349,200 shares over the past 30 days. Everest Re Group has a market cap of $6.5 billion and is part of the financial sector and insurance industry. Shares are up 16.5% 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 8.1, below the S&P 500 P/E ratio of 17.7.