Montpelier Re Holdings major shareholder Purchases $348,346 in Stock (MRH)
Montpelier Re Holdings (NYSE:MRH) major shareholder Re Holdings Ltd Montpelier purchased 17,800 shares of the stock on the open market in a transaction that occurred on Friday, July 11th. The shares were purchased at an average price of $19.57 per share, for a total transaction of $348,346.00. Following the completion of the transaction, the insider now directly owns 2,800 shares of the company’s stock, valued at approximately $54,796. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Montpelier Re Holdings (NYSE:MRH) traded up 0.41% on Friday, hitting $32.12. The stock had a trading volume of 323,431 shares. Montpelier Re Holdings has a 52 week low of $24.38 and a 52 week high of $32.57. The stock’s 50-day moving average is $31.76 and its 200-day moving average is $29.81. The company has a market cap of $1.491 billion and a price-to-earnings ratio of 8.67.
Montpelier Re Holdings (NYSE:MRH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.62. Analysts expect that Montpelier Re Holdings will post $3.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, June 26th.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Montpelier Re Holdings from $28.00 to $29.00 in a research note on Monday, June 30th. They now have an “underweight” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Montpelier Re Holdings in a research note on Friday, May 23rd. They now have a $38.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Montpelier Re Holdings in a research note on Tuesday, May 13th. They now have a $38.00 price target on the stock, up previously from $37.00. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Montpelier Re Holdings presently has an average rating of “Hold” and an average price target of $34.38.
Montpelier Re Holdings Ltd. through its subsidiaries in Bermuda, the United States, the United Kingdom and Switzerland, provides customized and insurance and reinsurance solutions to the global market.