Aflac (NYSE:AFL) hit a new 52-week high Thursday as it is currently trading at $55.05, above its previous 52-week high of $54.97 with 765,878 shares traded as of 11:30 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.
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) -- Aflac (NYSE: AFL) hit a new 52-week high Thursday as it is currently trading at $55.05, above its previous 52-week high of $54.97 with 765,878 shares traded as of 11:30 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. Aflac has a market cap of $25.44 billion and is part of the financial sector and insurance industry. Shares are up 2.4% year to date as of the close of trading on Wednesday. Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. The company has a P/E ratio of nine, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Aflac as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Aflac Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.