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 Thursday as it is currently trading at $91.41, above its previous 52-week high of $91.39 with 11,553 shares traded as of 9:50 a.m. ET. Average volume has been 440,500 shares over the past 30 days.

PartnerRe has a market cap of $5.28 billion and is part of the financial sector and insurance industry. Shares are up 13.1% 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 5.4, 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 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.

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