Arthur J. Gallagher & Co. (NYSE:AJG) has been under a strong bear grip, hence the stock is down -0.22% 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 0.59% 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 1.88% in the last 1 week, and is up 1.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 1.76% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $48.76 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $47.37 and the 200 Day Moving Average price is recorded at $43.30.
The stock has recorded a 20-day Moving Average of 3.82% and the 50-Day Moving Average is 3.65%.
Arthur J. Gallagher & Co. (NYSE:AJG): stock turned positive on Friday. Though the stock opened at $48.27, the bulls momentum made the stock top out at $48.76 level for the day. The stock recorded a low of $48.15 and closed the trading day at $48.7, in the green by 1.46%. The total traded volume for the day was 1,137,450. The stock had closed at $48 in the previous days trading.
In an insider trading activity, English Frank E. Jr., director of Gallagher Arthur J & Co, executed a transaction worth $12,864 on March 16, 2016. A total of 300 shares were purchased at an average price of $42.88. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.