PartnerRe (NYSE:PRE) released its earnings data on Monday. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.10, StockRatingsNetwork reports. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $2.20 earnings per share. PartnerRe’s revenue was up 15.3% compared to the same quarter last year.
A number of analysts have recently weighed in on PRE shares. Analysts at Zacks downgraded shares of PartnerRe 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. On a related note, analysts at Nomura initiated coverage on shares of PartnerRe in a research note to investors on Wednesday, June 5th. They set a “neutral” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of PartnerRe from $93.00 to $99.00 in a research note to investors on Thursday, May 2nd. They now have a “sector perform” rating on the stock.
Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $95.70.
PartnerRe (NYSE: PRE) traded up 1.37% on Monday, hitting $92.24. PartnerRe has a 1-year low of $70.89 and a 1-year high of $96.41. The stock’s 50-day moving average is currently $90.30. The company has a market cap of $5.281 billion and a price-to-earnings ratio of 6.02.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 30th. Investors of record on Monday, August 19th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.78%.
PartnerRe Ltd. (NYSE: PRE) is the ultimate holding company for its international reinsurance group.