PartnerRe Ltd. (PRE): Today's Featured Financial Laggard
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
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.6%. By the end of trading, PartnerRe fell $1.71 (-1.8%) to $94.34 on heavy volume. Throughout the day, 1,104,828 shares of PartnerRe exchanged hands as compared to its average daily volume of 555,000 shares. The stock ranged in price between $92.50-$95.71 after having opened the day at $95.65 as compared to the previous trading day's close of $96.05. Other companies within the Financial sector that declined today were:
(
), down 7.5%,
Independent Bank Corp (Ionia MI
(
), down 7.3%,
(
), down 7.1% and
(
), down 6.8%.
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PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. PartnerRe has a market cap of $5.6 billion and is part of the insurance industry. The company has a P/E ratio of 5.7, below the S&P 500 P/E ratio of 17.7. Shares are up 18.3% year to date as of the close of trading on Monday.
TheStreet Ratings rates PartnerRe as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full PartnerRe Ratings Report.
On the positive front,
(
), down 16.6%,
First Marblehead Corporation
(
FMD
), down 8.8%,
(
), down 7.6% and
(
), down 6.8% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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