NEW YORK ( TheStreet) -- ALLEGHANY CORP (NYSE: Y) hit a new 52-week high Tuesday as it traded at $338 compared with its previous 52-Week high of $337.94. ALLEGHANY CORP is changing hands at $338 with 7,557 shares traded as of 1:47 p.m. ET. Average volume has been 8,600 shares over the past 30 days. ALLEGHANY CORP has a market cap of $3 billion and is part of the financial sector and insurance industry. Shares are up 10.3% year to date as of the close of trading on Friday. Alleghany Corporation, through its subsidiaries, engages in the property and casualty, and surety insurance business. The company has a P/E ratio of 10.5, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates ALLEGHANY CORP as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full ALLEGHANY CORP Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.