NEW YORK ( TheStreet) -- Universal American Financial Corporation (NYSE: UAM) hit a new 52-week high Wednesday as it traded at $21.45 compared with its previous 52-Week high of $21.41. Universal American Financial is changing hands at $21.45 with 262,584 shares traded as of 1:06 p.m. ET. Average volume has been 404,100 shares over the past 30 days. Universal American Financial has a market cap of $1.6 billion and is part of the health care sector and health services industry. Shares are up 3.4% year to date as of the close of trading on Tuesday. Universal American Corp., together with its subsidiaries, provides health insurance and managed care products and services primarily to the senior population in the United States. The company has a P/E ratio of 8.8, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 16. TheStreet Ratings rates Universal American Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, attractive valuation levels and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Universal American Financial Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.