PartnerRe Ltd. (PRE): Today's Featured Insurance Winner

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.

PartnerRe ( PRE) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day up 0.4%. By the end of trading, PartnerRe rose $1.24 (1.5%) to $82.88 on average volume. Throughout the day, 679,492 shares of PartnerRe exchanged hands as compared to its average daily volume of 459,500 shares. The stock ranged in a price between $81.33-$82.88 after having opened the day at $81.69 as compared to the previous trading day's close of $81.64. Other companies within the Insurance industry that increased today were: Crawford & Company ( CRD.A), up 9.8%, CNinsure ( CISG), up 8.4%, Alleghany Corp DEL ( Y), up 6.3%, and Phoenix Companies ( PNX), up 5.9%.
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PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. PartnerRe has a market cap of $5.03 billion and is part of the financial sector. The company has a P/E ratio of 5.6, below the S&P 500 P/E ratio of 17.7. Shares are up 27.1% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate PartnerRe a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates PartnerRe as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Independence Holding Company ( IHC), down 5.2%, Federated National ( FNHC), down 3.8%, AMERISAFE ( AMSF), down 3.1%, and Employers Holdings ( EIG), down 2.6%, were all laggards within the insurance industry with Progressive Corporation ( PGR) being today's insurance industry laggard.

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).

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