NEW YORK ( TheStreet) -- Brown & Brown (NYSE: BRO) hit a new 52-week high Thursday as it traded at $26.56 compared with its previous 52-Week high of $26.35. Brown & Brown is changing hands at $26.52 with 324,875 shares traded as of 2:20 p.m. ET. Average volume has been 609,700 shares over the past 30 days. Brown & Brown has a market cap of $3.7 billion and is part of the financial sector and insurance industry. Shares are up 9.4% year to date as of the close of trading on Wednesday.

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, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Brown & Brown 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, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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.

See all 52-week high stocks or get investment ideas from our investment research center.