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

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 Tuesday as it is currently trading at $135.10, above its previous 52-week high of $135.01 with 336,493 shares traded as of 3:04 p.m. ET. Average volume has been 384,300 shares over the past 30 days.

Everest Re Group has a market cap of $7.41 billion and is part of the financial sector and insurance industry. Shares are up 21.6% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 7.5, below the S&P 500 P/E ratio of 17.7.

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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, notable return on equity, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Everest Re Group Ratings Report.

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