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PartnerRe (PRE) in Focus: Stock Moves 8.5% Higher - Tale of the Tape

PartnerRe Ltd. ( PRE ) was a big mover last session, as the company saw its shares rise roughly 9% on the day. Shares moved up after a European investment company, Exor made an offer to acquire it for $6.4 billion in cash. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 14.7% in the past one-month time frame.

This property and casualty insurance stock witnessed two positive estimate revisions and one negative estimate revision over the past 30 days. The Zacks Consensus Estimate moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.

PartnerRe has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

Investors interested in the space can also consider Cincinnati Financial Corp. ( CINF ), sporting a Zacks Rank #1 (Strong Buy).

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PARTNERRE LTD (PRE): Free Stock Analysis Report

CINCINNATI FINL (CINF): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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