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NEW YORK ( TheStreet) -- ING Groep N.V (NYSE: ING) hit a new 52-week low Thursday as it is currently trading at $5.71, below its previous 52-week low of $5.72 with 667,698 shares traded as of 10:15 a.m. ET. Average volume has been 4.5 million shares over the past 30 days. ING Groep N.V has a market cap of $23.18 billion and is part of the financial sector and insurance industry. Shares are down 15.6% year to date as of the close of trading on Wednesday. ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services for individuals, families, small businesses, corporations, institutions, and governments worldwide. The company has a P/E ratio of 5.4, above the average insurance industry P/E ratio of 5.1 and below the S&P 500 P/E ratio of 17.7.