Shares of Harleysville Group (Nasdaq:HGIC) have taken a tremendous swing upward. The stock is trading at $33.75 as of 2:15 p.m. ET, 33.2% above Thursday's closing price of $25.33. Volume is at 126,417, 3.4 times the daily average of 37,400.
NEW YORK ( TheStreet) -- Shares of Harleysville Group (Nasdaq: HGIC) have taken a tremendous swing upward. The stock is trading at $33.75 as of 2:15 p.m. ET, 33.2% above Thursday's closing price of $25.33. Volume is at 126,417, 3.4 times the daily average of 37,400. Harleysville Group has a market cap of $683.2 million and is part of the financial sector and insurance industry. Shares are down 31.1% year to date as of the close of trading on Thursday. Harleysville Group Inc., through its subsidiaries, engages in the property and casualty insurance business primarily in the eastern and midwestern United States. The company has a P/E ratio of 14.2, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Harleysville Group 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Harleysville Group Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
Harleysville Group (Nasdaq:HGIC) hit a new 52-week high Friday as it is currently trading at $59.80, above its previous 52-week high of $59.76 with 90,687 shares traded as of 3:30 p.m. ET. Average volume has been 60,900 shares over the past 30 days.