NEW YORK ( TheStreet) -- ACE (NYSE: ACE) hit a new 52-week high Friday as it is currently trading at $69.94, above its previous 52-week high of $69.83 with 855,818 shares traded as of 10:30 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. ACE has a market cap of $22.3 billion and is part of the financial sector and insurance industry. Shares are up 5.9% year to date as of the close of trading on Thursday. ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company operates in four segments: Insurance North American, Insurance Overseas General, Global Reinsurance, and Life. The company has a P/E ratio of 8.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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