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Montpelier Re Holdings (NYSE:MRH) major shareholder Re Holdings Ltd Montpelier purchased 17,503 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was purchased at an average price of $19.74 per share, for a total transaction of $345,509.22. Following the transaction, the insider now directly owns 2,800 shares in the company, valued at approximately $55,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Montpelier Re Holdings (NYSE:MRH) traded up 0.41% on Friday, hitting $32.12. 323,431 shares of the company’s stock traded hands. Montpelier Re Holdings has a 52-week low of $24.38 and a 52-week high of $32.57. The stock has a 50-day moving average of $31.76 and a 200-day moving average of $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 released its earnings data on Wednesday, April 30th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters 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 declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 26th.

MRH has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Montpelier Re Holdings currently has an average rating of “Hold” and a consensus target price 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.

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