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TheStreet Wire

Montpelier RE Stock Hits New 52-Week High (MRH)

By TheStreet Wire 03/26/12 - 10:39 AM EDT

Find out if (MRH) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Montpelier RE Holdings (NYSE:MRH) hit a new 52-week high Monday as it is currently trading at $19.61, above its previous 52-week high of $19.50 with 40,945 shares traded as of 10:15 a.m. ET. Average volume has been 452,700 shares over the past 30 days.

Montpelier RE has a market cap of $1.07 billion and is part of the financial sector and insurance industry. Shares are up 8% year to date as of the close of trading on Friday.

Montpelier Re Holdings Ltd., through its subsidiaries, provides insurance and reinsurance solutions.

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TheStreet Ratings rates Montpelier RE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Montpelier RE Ratings Report.

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