XL Group Reaches New 52-Week High (XL)

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 Tuesday as it is currently trading at $30.73, above its previous 52-week high of $30.61 with 201,913 shares traded as of 10:11 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

XL Group has a market cap of $8.93 billion and is part of the financial sector and insurance industry. Shares are up 20.7% year to date as of the close of trading on Monday.

XL GROUP Public Limited Company, 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 has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7.

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

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