Platinum Underwriters Holdings Sets New 52-Week High at $66.43 (PTP)
Platinum Underwriters Holdings (NYSE:PTP) reached a new 52-week high during trading on Friday , StockRatingsNetwork.com reports. The stock traded as high as $66.43 and last traded at $65.35, with a volume of 30,850 shares. The stock had previously closed at $64.97.
A number of research firms have recently commented on PTP. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Platinum Underwriters Holdings from $67.00 to $69.00 in a research note on Monday, April 21st. Analysts at Zacks upgraded shares of Platinum Underwriters Holdings from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $67.30 price target on the stock.
The stock has a 50-day moving average of $63.24 and a 200-day moving average of $60.37. The company has a market cap of $1.756 billion and a P/E ratio of 9.45.
Platinum Underwriters Holdings (NYSE:PTP) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $1.05. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $156.91 million. During the same quarter in the previous year, the company posted $2.63 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Platinum Underwriters Holdings will post $5.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, May 29th.
Platinum Underwriters Holdings, Ltd. (NYSE:PTP) is a holding company.
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