ACE Stock Hits New 52-Week High (ACE)

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) -- ACE (NYSE: ACE) hit a new 52-week high Tuesday as it is currently trading at $78.81, above its previous 52-week high of $78.59 with 209,892 shares traded as of 10:40 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

ACE has a market cap of $26.11 billion and is part of the financial sector and insurance industry. Shares are up 10.8% year to date as of the close of trading on Monday.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company has a P/E ratio of 9.7, below the average insurance industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ACE as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ACE Ratings Report.

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