NEW YORK ( TheStreet) -- Navigators Group (Nasdaq: NAVG) hit a new 52-week high Friday as it traded at $52.95 compared with its previous 52-Week high of $52.35. Navigators Group is changing hands at $52.95 with 9,310 shares traded as of 9:30 a.m. ET. Average volume has been 47,200 shares over the past 30 days. Navigators Group has a market cap of $880.1 million and is part of the financial sector and insurance industry. Shares are up 1.3% year to date as of the close of trading on Thursday. The Navigators Group, Inc., an international insurance holding company, engages in the underwriting and management of property and casualty insurance in the United States, the United Kingdom, Belgium, and Sweden. The company has a P/E ratio of 14.3, below the average insurance industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Navigators Group 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 has had sub par growth in net income. You can view the full Navigators Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.