NEW YORK ( TheStreet) -- Chubb Corporation (NYSE: CB) hit a new 52-week high Friday as it traded at $60.52 compared with its previous 52-Week high of $60.50. Chubb is changing hands at $60.50 with 474,259 shares traded as of 10:35 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Chubb has a market cap of $18.2 billion and is part of the financial sector and insurance industry. Shares are up 0.2% year to date as of the close of trading on Thursday. The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. The company has a P/E ratio of 10, above the average insurance industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Chubb 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, notable return on equity 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 Chubb Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.