NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $50.08 as of 9:31 a.m. ET, the dividend yield is 1.6%.
The average volume for Transatlantic has been 396,000 shares per day over the past 30 days. Transatlantic has a market cap of $3.2 billion and is part of the
industry. Shares are down 2.8% year to date as of the close of trading on Wednesday.
Transatlantic Holdings, Inc., through its subsidiaries, offers reinsurance capacity for a range of property and casualty products, directly and through brokers, to insurance and reinsurance companies, in domestic and international markets. The company has a P/E ratio of 8.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Transatlantic as buy. 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, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full