NEW YORK ( TheStreet) -- Arthur J. Gallagher (NYSE: AJG) hit a new 52-week high Tuesday as it traded at $31.89 compared with its previous 52-Week high of $31.67. Arthur J. Gallagher is changing hands at $31.78 with 113,788 shares traded as of 10:10 a.m. ET. Average volume has been 400,500 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 8.7% year to date as of the close of trading on Friday. 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 20.3, above the average insurance industry P/E ratio of 19 and below the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates Arthur J. Gallagher as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. 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.