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NEW YORK ( TheStreet) -- Torchmark Corporation (NYSE: TMK) hit a new 52-week high Tuesday as it is currently trading at $51.14, above its previous 52-week high of $51 with 60,155 shares traded as of 10:35 a.m. ET. Average volume has been 878,600 shares over the past 30 days. Torchmark has a market cap of $4.98 billion and is part of the financial sector and insurance industry. Shares are up 16.9% year to date as of the close of trading on Monday. Torchmark Corporation, an insurance holding company, provides individual life and supplemental health insurance, and annuities, to middle income households in the United States. The company has a P/E ratio of 10, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.