NEW YORK (
) -- The ex-dividend date for
HCC Insurance Holdings
) is tomorrow, March 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $31.24 as of 9:32 a.m. ET, the dividend yield is 1.9%.
The average volume for HCC has been 559,900 shares per day over the past 30 days. HCC has a market cap of $3.6 billion and is part of the
industry. Shares are up 7.7% year to date as of the close of trading on Monday.
HCC Insurance Holdings, Inc., together with its subsidiaries, provides property and casualty, surety, group life, accident, and health insurance coverage, as well as related agency and reinsurance brokerage services to commercial customers and individuals worldwide. The company has a P/E ratio of 10.4, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates HCC as buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full