Everest Re Group Ltd. (RE): Today's Featured Insurance Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Everest Re Group ( RE) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.2%. By the end of trading, Everest Re Group rose $2.99 (2.0%) to $148.90 on heavy volume. Throughout the day, 630,941 shares of Everest Re Group exchanged hands as compared to its average daily volume of 379,000 shares. The stock ranged in a price between $145.99-$149.38 after having opened the day at $147.11 as compared to the previous trading day's close of $145.91. Other companies within the Insurance industry that increased today were: Tower Group ( TWGP), up 7.0%, MBIA ( MBI), up 4.1%, National Security Group ( NSEC), up 3.0% and National Interstate Corporation ( NATL), up 2.5%.

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. Everest Re Group has a market cap of $7.0 billion and is part of the financial sector. Shares are up 30.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Everest Re Group a buy, no analysts rate it a sell, and 5 rate it a hold.

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, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, State Auto Financial Corporation ( STFC), down 5.2%, United Fire Group ( UFCS), down 4.6%, Independence Holding Company ( IHC), down 4.0% and Hallmark Financial Services ( HALL), down 3.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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