PartnerRe Stock Hits New 52-Week High (PRE)

NEW YORK ( TheStreet) -- PartnerRe (NYSE: PRE) hit a new 52-week high Thursday as it is currently trading at $74.81, above its previous 52-week high of $74.75 with 508,959 shares traded as of 3:35 p.m. ET. Average volume has been 502,100 shares over the past 30 days.

PartnerRe has a market cap of $4.71 billion and is part of the financial sector and insurance industry. Shares are up 13.7% year to date as of the close of trading on Wednesday.

PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. The company has a P/E ratio of 8.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PartnerRe 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, solid stock price performance, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full PartnerRe Ratings Report.

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