Arthur J. Gallagher & Co. (AJG) : During the past 4 weeks, traders have been relatively bearish on Arthur J. Gallagher & Co. (AJG), hence the stock is down -1.64% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.67% relative to the S&P 500. The 4-week change in the price of the stock is -1.26% and the stock has fallen -1.7% in the past 1 week.
Arthur J Gallagher & Co. is up 2.4% in the last 3-month period. Year-to-Date the stock performance stands at 20.63%. The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 0.64%.
Arthur J. Gallagher & Co. (NYSE:AJG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.33 and $48.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.54, notching a gain of 0.04% for the day. The total traded volume was 5,072,982 . The stock had closed at $48.52 on the previous day.
Also, In a research note released to the investors, Keefe Bruyette & Woods maintains its rating on Arthur J. Gallagher & Co. (NYSE:AJG).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods raises the new price target from $55 per share to $57 per share. The rating by the firm was issued on August 1, 2016.
Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Companys brokers, agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage, risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs.