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Primus Guaranty Ltd. (NYSE: PRS), a Zacks #1 Rank (Strong Buy) company, posted second-quarter results in early August. Earnings per share of 33 cents surpassed the previous year’s 28 cents. The company mentioned that its credit protection business showed very strong performance in the quarter as it added $2.6 billion in new transactions to its portfolio, the highest level of portfolio growth since Primus Guarantee became a public company. PRS offers a PEG ratio of 0.52. Emphasis mine.
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