NEW YORK (
) is trading at unusually high volume Wednesday with 1.9 million shares changing hands. It is currently at 8.6 times its average daily volume and trading down $1.50 (-2.5%) at $57.23 as of 12:50 p.m. ET.
Harleysville Group has a market cap of $1.61 billion and is part of the
industry. Shares are up 59.9% year to date as of the close of trading on Tuesday.
Harleysville Group Inc., through its subsidiaries, engages in the property and casualty insurance business primarily in the eastern and midwestern United States. The company has a P/E ratio of 654.2, below the average insurance industry P/E ratio of 738.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Harleysville Group as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
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