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

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 lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Everest Re Group fell $4.81 (-3.4%) to $137.48 on heavy volume. Throughout the day, 897,819 shares of Everest Re Group exchanged hands as compared to its average daily volume of 330,700 shares. The stock ranged in price between $136.84-$144.87 after having opened the day at $144.00 as compared to the previous trading day's close of $142.29. Other companies within the Insurance industry that declined today were: Life Partners Holdings ( LPHI), down 5.1%, National Security Group ( NSEC), down 4.5%, Cincinnati Financial Corporation ( CINF), down 4.0% and CNinsure ( CISG), down 3.7%.

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 $6.8 billion and is part of the financial sector. Shares are down 8.7% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Everest Re Group a buy, no analysts rate it a sell, and 8 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Allstate ( ALL), up 5.7%, Phoenix Companies ( PNX), up 4.5%, Atlas Financial Holdings ( AFH), up 3.2% and Prudential ( PUK), up 3.2% , were all gainers within the insurance industry with Berkshire Hathaway ( BRK.B) being today's featured insurance industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Climb Everest Re as the Stock's Quant Rating Ascends to 'Buy'

Climb Everest Re as the Stock's Quant Rating Ascends to 'Buy'

California's Wild Fires Could Cost Insurance Companies Shocking Amounts

California's Wild Fires Could Cost Insurance Companies Shocking Amounts

How Well Do You Know Your Insurer -- and Its Reinsurer?

How Well Do You Know Your Insurer -- and Its Reinsurer?

Hurricane Irma Could Total $40 Billion in Insurance Claims: Why That's Good News

Hurricane Irma Could Total $40 Billion in Insurance Claims: Why That's Good News

Hurricanes Irma and Harvey Might Cost $100 Billion, Dealing Big Blow to Insurers

Hurricanes Irma and Harvey Might Cost $100 Billion, Dealing Big Blow to Insurers