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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Berkshire Hathaway (NYSE: BRK.B) hit a new 52-week high Thursday as it is currently trading at $90.02, above its previous 52-week high of $89.95 with 768,709 shares traded as of 10:10 a.m. ET. Average volume has been four million shares over the past 30 days. Berkshire Hathaway has a market cap of $96.5 billion and is part of the financial sector and insurance industry. Shares are up 16.4% year to date as of the close of trading on Wednesday. Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. The company has a P/E ratio of 18.9, above the average insurance industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7.