PartnerRe Reaches New 52-Week High (PRE)

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.

NEW YORK ( TheStreet) -- PartnerRe (NYSE: PRE) hit a new 52-week high Wednesday as it is currently trading at $86.11, above its previous 52-week high of $86 with 99,556 shares traded as of 1:38 p.m. ET. Average volume has been 470,300 shares over the past 30 days.

PartnerRe has a market cap of $5.22 billion and is part of the financial sector and insurance industry. Shares are up 5.9% year to date as of the close of trading on Tuesday.

PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. The company has a P/E ratio of 5.8, below the S&P 500 P/E ratio of 17.7.

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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, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full PartnerRe Ratings Report.

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