NEW YORK (

TheStreet

) --

Arthur J. Gallagher

(NYSE:

AJG

) hit a new 52-week high Thursday as it is currently trading at $31.97, above its previous 52-week high of $31.92 with 890,300 shares traded as of 3:20 p.m. ET. Average volume has been 869,800 shares over the past 30 days.

Arthur J. Gallagher has a market cap of $3.4 billion and is part of the

financial

sector and

insurance

industry. Shares are up 6.7% year to date as of the close of trading on Wednesday.

Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage and risk management services to various commercial, industrial, institutional, and governmental organizations. It operates in two segments, Brokerage and Risk Management. The company has a P/E ratio of 22.1, above the average insurance industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7.

  • Practice your AJG trading strategies and win cash in our stock game.

TheStreet Ratings rates Arthur J. Gallagher as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, 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 has had sub par growth in net income. You can view the full

Arthur J. Gallagher Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null