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NEW YORK ( TheStreet) -- Axis Capital Holdings (NYSE: AXS) hit a new 52-week high Friday as it is currently trading at $34.92, above its previous 52-week high of $34.88 with 99,680 shares traded as of 10:15 a.m. ET. Average volume has been 874,800 shares over the past 30 days. Axis has a market cap of $4.45 billion and is part of the financial sector and insurance industry. Shares are up 8.4% year to date as of the close of trading on Thursday. AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and reinsurance products to insureds and reinsureds worldwide. The company operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 7.8, below the average insurance industry P/E ratio of 8.5 and below the S&P 500 P/E ratio of 17.7.