Trade-Ideas LLC identified

ACE

(

ACE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified ACE as such a stock due to the following factors:

  • ACE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $220.8 million.
  • ACE has traded 14,319 shares today.
  • ACE is trading at a new lifetime high.

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More details on ACE:

ACE Limited, through its subsidiaries, provides a range of property and casualty insurance and reinsurance products worldwide. The stock currently has a dividend yield of 2.3%. ACE has a PE ratio of 14. Currently there are 11 analysts that rate ACE a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for ACE has been 2.1 million shares per day over the past 30 days. ACE has a market cap of $38.3 billion and is part of the financial sector and insurance industry. The stock has a beta of 1.16 and a short float of 7.1% with 12.51 days to cover. Shares are up 2.9% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates ACE as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Although ACE's debt-to-equity ratio of 0.23 is very low, it is currently higher than that of the industry average.
  • After a year of stock price fluctuations, the net result is that ACE's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 15.8%. Since the same quarter one year prior, revenues slightly dropped by 6.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • ACE LTD's earnings per share declined by 30.2% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, ACE LTD reported lower earnings of $8.40 versus $10.92 in the prior year. This year, the market expects an improvement in earnings ($9.65 versus $8.40).

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