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NEW YORK ( TheStreet) -- Montpelier RE Holdings (NYSE: MRH) hit a new 52-week high Wednesday as it is currently trading at $21.02, above its previous 52-week high of $21 with 129,946 shares traded as of 1 p.m. ET. Average volume has been 475,500 shares over the past 30 days. Montpelier RE has a market cap of $1.2 billion and is part of the financial sector and insurance industry. Shares are up 16.7% year to date as of the close of trading on Tuesday. Montpelier Re Holdings Ltd., through its subsidiaries, provides insurance and reinsurance solutions. The company has a P/E ratio of 14.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.