NEW YORK ( TheStreet) -- Aflac (NYSE: AFL) hit a new 52-week high Tuesday as it traded at $59.50 compared with its previous 52-Week high of $59.49. Aflac is changing hands at $59.35 with 61,955 shares traded as of 9:31 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.

Aflac has a market cap of $27.3 billion and is part of the financial sector and insurance industry. Shares are up 4.3% year to date as of the close of trading on Monday.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), provides supplemental health and life insurance. The company has a P/E ratio of 10.5, below the average insurance industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Aflac as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Aflac Ratings Report.

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