Shares of RE traded higher by 3.01% or $2.87/share to $98.30. NYSE is trading at a price to book ratio of 0.84. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.8 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.09. Thus, the company is not very expensive in terms of its sales. On average, 327036 shares of RE exchange hands on a given day and today's volume is recorded at 132931. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Everest Re Group, Ltd., through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets.
