NEW YORK ( TheStreet) -- XL Group plc (NYSE: XL) hit a new 52-week high Thursday as it traded at $24.68 compared with its previous 52-Week high of $24.66. XL Group plc is changing hands at $24.67 with 1.9 million shares traded as of 11:12 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.

XL Group plc has a market cap of $7.4 billion and is part of the financial sector and insurance industry. Shares are up 8.4% year to date as of the close of trading on Wednesday.

XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, insurance companies, and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The company has a P/E ratio of 13.8, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates XL Group plc as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full XL Group plc Ratings Report.

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