ACE Reaches New 52-Week High (ACE)

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.

TheStreet Ratings rates ACE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full ACE Ratings Report.

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