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 Wednesday as it is currently trading at $29.97, above its previous 52-week high of $29.93 with 685,385 shares traded as of 11:31 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. XL Group has a market cap of $8.77 billion and is part of the financial sector and insurance industry. Shares are up 19.3% year to date as of the close of trading on Tuesday. 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 14.2, below the S&P 500 P/E ratio of 17.7.