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NEW YORK ( TheStreet) -- Arthur J. Gallagher (NYSE: AJG) hit a new 52-week high Friday as it is currently trading at $36.34, above its previous 52-week high of $36.33 with 126,723 shares traded as of 10:49 a.m. ET. Average volume has been 610,000 shares over the past 30 days. Arthur J. Gallagher has a market cap of $4.17 billion and is part of the financial sector and insurance industry. Shares are up 8.3% year to date as of the close of trading on Thursday. 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 27.9, above the average insurance industry P/E ratio of 27.7 and above the S&P 500 P/E ratio of 17.7.