Montpelier RE Stock Hits New 52-Week High (MRH)

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.

TheStreet Ratings rates Montpelier RE as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Montpelier RE Ratings Report.

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