Transatlantic Stock Hits New 52-Week High (TRH)

NEW YORK ( TheStreet) -- Transatlantic Holdings (NYSE: TRH) hit a new 52-week high Wednesday as it is currently trading at $56.50, above its previous 52-week high of $56.03 with 94,302 shares traded as of 10:55 a.m. ET. Average volume has been 659,400 shares over the past 30 days.

Transatlantic has a market cap of $3.16 billion and is part of the financial sector and insurance industry. Shares are up 1.3% year to date as of the close of trading on Tuesday.

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 36.1, below the average insurance industry P/E ratio of 37 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Transatlantic as a 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Transatlantic Ratings Report.

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