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NEW YORK ( TheStreet) -- Proassurance Corporation (NYSE: PRA) hit a new 52-week high Thursday as it is currently trading at $86.90, above its previous 52-week high of $85.04 with 27,370 shares traded as of 9:40 a.m. ET. Average volume has been 145,500 shares over the past 30 days. Proassurance has a market cap of $2.47 billion and is part of the financial sector and insurance industry. Shares are up 6.3% year to date as of the close of trading on Wednesday. ProAssurance Corporation, through its subsidiaries, provides medical and other professional liability insurance products to health care service, legal service, and other professional service providers in the United States. The company has a P/E ratio of 10.6, above the average insurance industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7.