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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.