ACE Stock Hits New 52-Week High (ACE)

NEW YORK ( TheStreet) -- ACE (NYSE: ACE) hit a new 52-week high Friday as it is currently trading at $93.12, above its previous 52-week high of $93.05 with 573,582 shares traded as of 1:50 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

ACE has a market cap of $31.21 billion and is part of the financial sector and insurance industry. Shares are up 15% 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 insured's worldwide.

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TheStreet Ratings rates ACE as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity, solid stock price performance 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 ACE Ratings Report.

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