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NEW YORK ( TheStreet) -- Cincinnati Financial Corporation (Nasdaq: CINF) hit a new 52-week high Friday as it is currently trading at $34.44, above its previous 52-week high of $34.38 with 288,927 shares traded as of 10:54 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Cincinnati Financial has a market cap of $5.26 billion and is part of the financial sector and insurance industry. Shares are up 9.8% year to date as of the close of trading on Thursday. Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. The company has a P/E ratio of 14.3, below the average insurance industry P/E ratio of 33.1 and below the S&P 500 P/E ratio of 17.7.