NEW YORK ( TheStreet) -- Brown & Brown (NYSE: BRO) hit a new 52-week high Wednesday as it traded at $25.12 compared with its previous 52-Week high of $25.10. Brown & Brown is changing hands at $25.12 with 454,290 shares traded as of 1:35 p.m. ET. Average volume has been 572,100 shares over the past 30 days. Brown & Brown has a market cap of $3.5 billion and is part of the financial sector and insurance industry. Shares are up 4.2% year to date as of the close of trading on Tuesday. Brown & Brown, Inc., together with its subsidiaries, operates as a diversified insurance agency, wholesale brokerage, insurance programs, and service organization in the United States. The company has a P/E ratio of 23.1, above the average insurance industry P/E ratio of 22.8 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Brown & Brown as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Brown & Brown Ratings Report.