NEW YORK (
) -- The ex-dividend date for
Montpelier Re Holdings
) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $17.05 as of 9:30 a.m. ET, the dividend yield is 2.4%.
The average volume for Montpelier Re has been 422,600 shares per day over the past 30 days. Montpelier Re has a market cap of $1.1 billion and is part of the
industry. Shares are down 14.4% year to date as of the close of trading on Friday.
Montpelier Re Holdings Ltd., through its subsidiaries, provides insurance and reinsurance solutions. The company has a P/E ratio of 5.7, 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 Montpelier Re as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full