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NEW YORK ( TheStreet) -- Platinum Underwriters Holdings (NYSE: PTP) hit a new 52-week low Tuesday as it is currently trading at $34.65, below its previous 52-week high of $46.42 with 86,427 shares traded as of 1:01 p.m. ET. Average volume has been 440,500 shares over the past 30 days. Platinum Underwriters has a market cap of $1.3 billion and is part of the financial sector and insurance industry. Shares are down 21.9% year to date as of the close of trading on Monday. Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance products worldwide. The company has a P/E ratio of 136.6, above the average insurance industry P/E ratio of 101.5 and above the S&P 500 P/E ratio of 17.7.