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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) -- Axis Capital Holdings (NYSE: AXS) hit a new 52-week high Thursday as it is currently trading at $42.86, above its previous 52-week high of $42.84 with 418,393 shares traded as of 12:40 p.m. ET. Average volume has been 841,300 shares over the past 30 days. Axis has a market cap of $5.07 billion and is part of the financial sector and insurance industry. Shares are up 21.8% year to date as of the close of trading on Wednesday. AXIS Capital Holdings Limited provides specialty lines insurance and treaty reinsurance products worldwide. It operates in two segments, Insurance and Reinsurance. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7.