Partnerre Director Jean Paul L. Montupet Sells 11,441 Shares (PRE)
Partnerre (NYSE:PRE) Director Jean Paul L. Montupet sold 11,441 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $107.81, for a total transaction of $1,233,454.21. Following the completion of the sale, the director now directly owns 15,506 shares of the company’s stock, valued at approximately $1,671,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Partnerre (NYSE:PRE) traded up 0.84% during mid-day trading on Thursday, hitting $109.85. The stock had a trading volume of 111,920 shares. Partnerre has a one year low of $85.98 and a one year high of $112.11. The stock has a 50-day moving average of $108.4 and a 200-day moving average of $104.7. The company has a market cap of $5.458 billion and a price-to-earnings ratio of 5.12.
Partnerre (NYSE:PRE) last posted its quarterly earnings results on Monday, July 28th. The company reported $2.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.32 by $0.09. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Partnerre will post $11.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, August 14th.
A number of analysts have recently weighed in on PRE shares. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Partnerre in a research note on Tuesday, August 5th. They now have a $95.00 price target on the stock, up previously from $91.00. Separately, analysts at RBC Capital raised their price target on shares of Partnerre from $110.00 to $117.00 in a research note on Thursday, July 31st. Finally, analysts at Nomura raised their price target on shares of Partnerre from $105.00 to $108.00 in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $113.36.
PartnerRe Ltd. (NYSE:PRE) is the ultimate holding company for its international reinsurance group.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.