Arthur J. Gallagher Reaches New 52-Week High (AJG)
Arthur J. Gallagher (NYSE:AJG) hit a new 52-week high Wednesday as it is currently trading at $39.06, above its previous 52-week high of $39 with 113,480 shares traded as of 11:15 a.m. ET. Average volume has been 742,300 shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Arthur J. Gallagher (NYSE: AJG) hit a new 52-week high Wednesday as it is currently trading at $39.06, above its previous 52-week high of $39 with 113,480 shares traded as of 11:15 a.m. ET. Average volume has been 742,300 shares over the past 30 days. Arthur J. Gallagher has a market cap of $4.89 billion and is part of the financial sector and insurance industry. Shares are up 12.2% year to date as of the close of trading on Tuesday. 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 24.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Arthur J. Gallagher as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. 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. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.