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NEW YORK ( TheStreet) -- Transatlantic Holdings (NYSE: TRH) hit a new 52-week high Monday as it is currently trading at $55.29, above its previous 52-week high of $55.14 with 1.5 million shares traded as of 10:27 a.m. ET. Average volume has been 845,200 shares over the past 30 days. Transatlantic has a market cap of $3.32 billion and is part of the financial sector and insurance industry. Shares are up 5.4% year to date as of the close of trading on Friday. 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 the domestic and international markets on a treaty and facultative basis. The company has a P/E ratio of 35.2, below the average insurance industry P/E ratio of 36.1 and above the S&P 500 P/E ratio of 17.7.