NEW YORK ( TheStreet) -- American Financial Group (NYSE: AFG) hit a new 52-week high Wednesday as it traded at $34.40 compared with its previous 52-Week high of $34.38. American Financial Group is changing hands at $34.35 with 14,860 shares traded as of 10:05 a.m. ET. Average volume has been 344,200 shares over the past 30 days. American Financial Group has a market cap of $3.7 billion and is part of the financial sector and insurance industry. Shares are up 5.8% year to date as of the close of trading on Tuesday. American Financial Group, Inc., through its subsidiaries, engages in property and casualty insurance business in the United States. The company has a P/E ratio of 8.7, above the average insurance industry P/E ratio of 7.6 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates American Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full American Financial Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.