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NEW YORK ( TheStreet) -- Healthspring (NYSE: HS) hit a new 52-week high Friday as it is currently trading at $54.94, above its previous 52-week high of $54.91 with 84,727 shares traded as of 9:35 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Healthspring has a market cap of $3.74 billion and is part of the health care sector and health services industry. Shares are up 0.5% year to date as of the close of trading on Thursday. HealthSpring, Inc., through its subsidiaries, operates as a managed care organization in the United States. It focuses primarily on Medicare, the federal government sponsored health insurance program for the U.S. The company has a P/E ratio of 13.5, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.