NEW YORK ( TheStreet) -- Tower Group (Nasdaq: TWGP) hit a new 52-week low Thursday as it is currently trading at $19.74, below its previous 52-week low of $19.78 with 6,983 shares traded as of 9:40 a.m. ET. Average volume has been 215,700 shares over the past 30 days. Tower Group has a market cap of $791.9 million and is part of the financial sector and insurance industry. Shares are down 0.4% year to date as of the close of trading on Wednesday. Tower Group, Inc., through its subsidiaries, provides commercial, specialty, and personal property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company has a P/E ratio of 14.6, below the average insurance industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.
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