Vmbook Online ordering
Wireless Communications
PartnerRe Ltd. (PTNR) is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol PTNR. PartnerRe is a global reinsurance company that provides reinsurance and insurance products to a diverse group of clients, including property and casualty insurance companies.
Here are some key facts about PartnerRe:
* Headquarters: Pembroke, Bermuda
* Founded: 1993
* Revenue (2020): $2.46 billion
* Net Income (2020): $422.5 million
* Employees: approximately 750
Earnings:
* PartnerRe has a history of consistent earnings growth. In 2020, the company reported net income of $422.5 million, or $6.78 per diluted share. This represents an increase of 15.8% over the previous year.
* The company's revenue for 2020 was $2.46 billion, an increase of 4.3% over the previous year.
* PartnerRe's earnings have been driven by its diversified portfolio of reinsurance products, strong underwriting discipline, and solid investment returns.
Growth:
* PartnerRe has a strong track record of growth, with a five-year annualized revenue growth rate of 3.8%.
* The company has also grown its book value per share at a five-year annualized rate of 8.8%.
* PartnerRe has a solid capital position, with a closing shareholders' equity of $7.1 billion at year-end 2020.
Dividends:
* PartnerRe has consistently paid dividends to its shareholders, with a current dividend yield of 2.32%.
* The company's dividend payout ratio is approximately 38%.
Valuation:
* PartnerRe's stock is currently trading at around $135 per share, with a market capitalization of approximately $10.5 billion.
* The company's price-to-earnings ratio is around 20.8, slightly below the industry average.
* PartnerRe's price-to-book ratio is around 1.5, which is also slightly below the industry average.
Analyst Coverage:
* PartnerRe is covered by several analysts, including those from major investment banks and research firms.
* The consensus rating on the stock is currently "Hold," with a median price target of $140.
Risks:
* Like all reinsurance companies, PartnerRe is exposed to various risks, including natural catastrophes, changes in interest rates, and intense competition in the reinsurance market.
* PartnerRe's investment portfolio is also subject to market volatility and credit risks.
* Regulatory changes, such as the implementation of the NAIC's risk-based capital framework, may also impact PartnerRe's operations and capital requirements.
Overall, PartnerRe appears to be a financially strong and well-established reinsurance company with a solid track record of earnings growth and a consistent dividend payments. However, as with any stock, it's essential to conduct thorough research and consider various factors before making an investment decision.