Shares of Medibank Private Ltd (ASX:MPL) reached a new 52-week high on Wednesday . The company traded as high as A$3.40 ($2.41) and last traded at A$3.39 ($2.40), with a volume of 4253256 shares traded. The stock had previously closed at A$3.39 ($2.40).

The stock has a market capitalization of $9.34 billion and a price-to-earnings ratio of 22.91.

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Medibank Private Company Profile (ASX:MPL)

Medibank Private Limited, an integrated healthcare company, provides private health insurance and health solutions in Australia. It operates in two segments, Health Insurance and Medibank Health. The Health Insurance segment offers private health insurance products, including hospital cover that provides members with health cover for hospital treatments; and ancillary cover, which offers members with health cover for healthcare services, such as dental, optical, and physiotherapy.

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