NEW YORK ( TheStreet) -- HCC Insurance Holdings (NYSE: HCC) hit a new 52-week high Wednesday as it traded at $31.57 compared with its previous 52-Week high of $31.55. HCC is changing hands at $31.57 with 40,156 shares traded as of 10:11 a.m. ET. Average volume has been 474,000 shares over the past 30 days. HCC has a market cap of $3.6 billion and is part of the financial sector and insurance industry. Shares are up 8.3% year to date as of the close of trading on Tuesday. HCC Insurance Holdings, Inc., together with its subsidiaries, provides property and casualty, surety, group life, accident, and health insurance coverage, as well as related agency and reinsurance brokerage services to commercial customers and individuals worldwide. The company has a P/E ratio of 10.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates HCC 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full HCC Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.