NEW YORK ( TheStreet) -- Axis Capital Holdings (NYSE: AXS) hit a new 52-week high Friday as it traded at $37.62 compared with its previous 52-Week high of $37.61. Axis is changing hands at $37.63 with 156,737 shares traded as of 10:55 a.m. ET. Average volume has been 756,700 shares over the past 30 days. Axis has a market cap of $4.6 billion and is part of the financial sector and insurance industry. Shares are up 4.5% year to date as of the close of trading on Thursday.

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 8.1, above the average insurance industry P/E ratio of 6.2 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Axis Ratings Report.

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