Trade-Ideas LLC identified

PartnerRe

(

PRE

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified PartnerRe as such a stock due to the following factors:

  • PRE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $53.8 million.
  • PRE has traded 172.93999999999999772626324556767940521240234375 options contracts today.
  • PRE is making at least a new 3-day high.
  • PRE has a PE ratio of 49.
  • PRE is mentioned 0.90 times per day on StockTwits.
  • PRE has not yet been mentioned on StockTwits today.
  • PRE is currently in the upper 20% of its 1-year range.
  • PRE is in the upper 35% of its 20-day range.
  • PRE is in the upper 45% of its 5-day range.
  • PRE is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on PRE:

PartnerRe Ltd., through its subsidiaries, provides reinsurance and certain specialty insurance services worldwide. It operates in three segments: Non-life, Life and Health, and Corporate and Other. The stock currently has a dividend yield of 2%. PRE has a PE ratio of 49. Currently there are no analysts that rate PartnerRe a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for PartnerRe has been 313,900 shares per day over the past 30 days. PartnerRe has a market cap of $6.7 billion and is part of the financial sector and insurance industry. The stock has a beta of 0.55 and a short float of 0.2% with 0.30 days to cover. Shares are up 0.1% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates PartnerRe as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • PRE's debt-to-equity ratio is very low at 0.12 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 15.7%. Since the same quarter one year prior, revenues fell by 14.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • PARTNERRE LTD has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, PARTNERRE LTD increased its bottom line by earning $19.49 versus $10.76 in the prior year. For the next year, the market is expecting a contraction of 36.4% in earnings ($12.40 versus $19.49).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Insurance industry. The net income has significantly decreased by 216.7% when compared to the same quarter one year ago, falling from $196.40 million to -$229.14 million.

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