Arthur J. Gallagher & Co. (AJG) : 4 days before expiry, shorts in Arthur J. Gallagher & Co. (AJG) have reduced from 3,413,097 on Jul 29, 2016, to 3,408,094 on August 15, 2016. On an average, 913,129 shares are traded on the exchange. The outstanding bearish positions are equal to 2% of the float. Short sellers have covered -5,003 shares, a reduction of -0.1%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Arthur J. Gallagher & Co. (NYSE:AJG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.38 and $48.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.61, notching a gain of 0.29% for the day. The total traded volume was 1,660,364 . The stock had closed at $48.47 on the previous day.
In a related news, Johnson David S, director of Gallagher Arthur J & Co, unloaded 3,125 shares at an average price of $49.69 on August 9, 2016. The total amount of the transaction was worth $155,281, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.