NEW YORK (

TheStreet

) --

Validus Holdings

(NYSE:

VR

) hit a new 52-week high Wednesday as it traded at $32.18 compared with its previous 52-Week high of $32.14. Validus is changing hands at $32.18 with 228,698 shares traded as of 2:22 p.m. ET. Average volume has been 597,900 shares over the past 30 days.

Validus has a market cap of $3.1 billion and is part of the

financial

sector and

insurance

industry. Shares are up 3.3% year to date as of the close of trading on Tuesday.

Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. The company has a P/E ratio of 9.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Validus 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, attractive valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Validus Ratings Report

.

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