NEW YORK ( TheStreet) -- Harleysville Group (Nasdaq: HGIC) hit a new 52-week high Friday as it is currently trading at $59.80, above its previous 52-week high of $59.76 with 90,687 shares traded as of 3:30 p.m. ET. Average volume has been 60,900 shares over the past 30 days. Harleysville Group has a market cap of $1.59 billion and is part of the financial sector and insurance industry. Shares are up 4.9% year to date as of the close of trading on Thursday. Harleysville Group Inc., through its subsidiaries, engages in the property and casualty insurance business primarily in the eastern and midwestern United States. The company has a P/E ratio of 73.2, above the average insurance industry P/E ratio of 72.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Harleysville Group 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, reasonable valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Harleysville Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.