NEW YORK ( TheStreet) -- Axis Capital Holdings (NYSE: AXS) hit a new 52-week high Wednesday as it traded at $37.22 compared with its previous 52-Week high of $37.15. Axis is changing hands at $37.19 with 111,967 shares traded as of 9:55 a.m. ET. Average volume has been 765,200 shares over the past 30 days. Axis has a market cap of $4.5 billion and is part of the financial sector and insurance industry. Shares are up 2.6% year to date as of the close of trading on Tuesday. AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and reinsurance products to insureds and reinsureds worldwide. It operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 6.2, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Axis as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Axis Ratings Report.