PartnerRe CAO Unloads $161,434 in Stock (PRE)
PartnerRe (NYSE:PRE) CAO David Outtrim sold 1,774 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $91.00, for a total value of $161,434.00. Following the completion of the sale, the chief accounting officer now directly owns 6,617 shares of the company’s stock, valued at approximately $602,147. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of PartnerRe (NYSE:PRE) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 12th. They now have a $105.00 price target on the stock, up previously from $100.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PartnerRe (NYSE:PRE) in a research note to investors on Tuesday, July 30th. They now have a $97.00 price target on the stock. Finally, analysts at Zacks downgraded shares of PartnerRe (NYSE:PRE) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, July 11th. They now have a $95.00 price target on the stock.
Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. PartnerRe has a consensus rating of “Hold” and a consensus price target of $96.40.
PartnerRe (NYSE:PRE) traded down 0.33% on Monday, hitting $90.63. 316,089 shares of the company’s stock traded hands. PartnerRe has a 52-week low of $72.91 and a 52-week high of $96.41. The stock has a 50-day moving average of $88.39 and a 200-day moving average of $90.44. The company has a market cap of $4.903 billion and a price-to-earnings ratio of 9.33.
PartnerRe (NYSE:PRE) last released its earnings data on Monday, July 29th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.10. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Analysts expect that PartnerRe will post $8.40 EPS for the current fiscal year.
PartnerRe Ltd. (NYSE:PRE) is the ultimate holding company for its international reinsurance group.
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