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.
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