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

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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 0.1%. By the end of trading, Everest Re Group fell $2.02 (-1.4%) to $146.73 on heavy volume. Throughout the day, 642,061 shares of Everest Re Group exchanged hands as compared to its average daily volume of 380,100 shares. The stock ranged in price between $146.32-$149.87 after having opened the day at $148.69 as compared to the previous trading day's close of $148.75. Other companies within the Insurance industry that declined today were: United Insurance Holdings ( UIHC), down 4.3%, American National Insurance ( ANAT), down 3.6%, American Independence Corporation ( AMIC), down 2.8% and Employers Holdings ( EIG), down 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 $7.2 billion and is part of the financial sector. Shares are down 4.6% year to date as of the close of trading on Friday. 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, solid stock price performance and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Citizens ( CIA), up 4.4%, HCI Group ( HCI), up 3.1%, Kingsway Financial Services ( KFS), up 2.8% and Assured Guaranty ( AGO), up 2.6% , were all gainers within the insurance industry with Manulife Financial Corporation ( MFC) 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.

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