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NEW YORK ( TheStreet) -- Arthur J. Gallagher (NYSE: AJG) hit a new 52-week high Thursday as it is currently trading at $35.36, above its previous 52-week high of $35.33 with 194,670 shares traded as of 1:15 p.m. ET. Average volume has been 683,100 shares over the past 30 days. Arthur J. Gallagher has a market cap of $3.78 billion and is part of the financial sector and insurance industry. Shares are up 5.3% 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 27.3, above the average insurance industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.