ACE Reaches 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 Friday as it is currently trading at $86.04, above its previous 52-week high of $85.72 with 144,000 shares traded as of 9:36 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

ACE has a market cap of $28.51 billion and is part of the financial sector and insurance industry. Shares are up 5.1% year to date as of the close of trading on Thursday.

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company has a P/E ratio of 11, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Hartford Financial Remains Source of Takeover Chatter

Jim Cramer Says Kraft Heinz Can Go Much Higher, Likes Chubb

3 Financial Stocks Pushing The Sector Higher

3 Stocks Dragging The Financial Sector Downward

3 Stocks Moving the Financial Sector Upward