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NEW YORK ( TheStreet) -- ACE (NYSE: ACE) hit a new 52-week high Monday as it is currently trading at $74.51, above its previous 52-week high of $74.50 with 821,769 shares traded as of 3:10 p.m. ET. Average volume has been two million shares over the past 30 days. ACE has a market cap of $23.97 billion and is part of the financial sector and insurance industry. Shares are up 4.2% year to date as of the close of trading on Friday. ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company has a P/E ratio of 11, below the average insurance industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.