Arthur J. Gallagher & Co. (AJG) has been under a strong bear grip, hence the stock is down -0.44% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.13% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.06% in the last 1 week, and is up 2.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 2.95%. Arthur J Gallagher & Co. is up 7.69% in the last 3-month period. Year-to-Date the stock performance stands at 22.25%.
Arthur J. Gallagher & Co. (NYSE:AJG): On Fridays trading session , Opening price of the stock was $49.05 with an intraday high of $49.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $48.14. However, the stock managed to close at $49.19, a loss of 0.45% for the day. On the previous day, the stock had closed at $49.41. The total traded volume of the day was 1,929,422 shares.
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.