Arthur J. Gallagher Stock Hits New 52-Week High (AJG)

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.

TheStreet Ratings rates Arthur J. Gallagher as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Arthur J. Gallagher Ratings Report.

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