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) -- XL Group (NYSE: XL) hit a new 52-week high Thursday as it is currently trading at $27.70, above its previous 52-week high of $27.65 with 52,941 shares traded as of 9:41 a.m. ET. Average volume has been two million shares over the past 30 days. XL Group has a market cap of $8.26 billion and is part of the financial sector and insurance industry. Shares are up 8.6% year to date as of the close of trading on Wednesday. XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, as well as insurance companies and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The company has a P/E ratio of 161.6, above the S&P 500 P/E ratio of 17.7.
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