The stock of Arthur J Gallagher & Co (NYSE:AJG) reached all time high today, Nov, 10 and still has $72.70 target or 42.00% above today’s $51.20 share price. This indicates more upside for the $9.29B company. This technical setup was reported by Barchart.com. If the $72.70 PT is reached, the company will be worth $3.90B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.61% or $1.3 during the last trading session, hitting $51.2. About 866,874 shares traded hands or 13.42% up from the average. Arthur J Gallagher & Co (NYSE:AJG) has risen 14.48% since April 8, 2016 and is uptrending. It has outperformed by 8.83% the S&P500.
Arthur J Gallagher & Co (NYSE:AJG) Ratings Coverage
Out of 10 analysts covering Arthur J. Gallagher (NYSE:AJG), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Arthur J. Gallagher has been the topic of 18 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Compass Point with “Buy” on Friday, July 29. The company was upgraded on Monday, March 21 by William Blair. The company was maintained on Thursday, October 29 by RBC Capital Markets. On Wednesday, October 14 the stock rating was initiated by Wells Fargo with “Outperform”. The company was maintained on Thursday, February 4 by Citigroup. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 4 report. The stock has “Buy” rating given by Compass Point on Friday, February 5. Sandler O’Neill downgraded Arthur J Gallagher & Co (NYSE:AJG) on Tuesday, September 29 to “Hold” rating. Goldman Sachs downgraded Arthur J Gallagher & Co (NYSE:AJG) on Monday, November 2 to “Neutral” rating.
According to Zacks Investment Research, “Arthur J. Gallagher & Co. and its subsidiaries are engaged in providing insurance brokerage, risk management, employee benefit and other related services to clients in the United States and abroad. The company’s principal activity is the negotiation and placement of insurance for its clients. The company also specializes in furnishing risk management services.”
Insitutional Activity: The institutional sentiment is 1.41 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 21 funds sold all Arthur J Gallagher & Co shares owned while 136 reduced positions. only 69 funds bought stakes while 153 increased positions. They now own 141.07 million shares or 0.50% less from 141.78 million shares in 2016Q1.
Shinko Asset Mgmt Ltd holds 477 shares or 0% of its portfolio. Highbridge Cap Mgmt Lc holds 0.03% or 35,265 shares in its portfolio. Adage Cap Partners Grp Incorporated Lc reported 266,100 shares or 0.03% of all its holdings. Invesco Limited reported 2.59 million shares or 0.05% of all its holdings. Dnb Asset Mgmt As, a Norway-based fund reported 14,400 shares. Retirement System Of Alabama has 189,616 shares for 0.05% of their US portfolio. Sg Americas Secs owns 45,975 shares or 0.02% of their US portfolio. Churchill Mngmt last reported 234,095 shares in the company. Citigroup last reported 688,529 shares in the company. Mcf Advisors Limited Liability Company reported 8,136 shares or 0.09% of all its holdings. Moreover, Oxbow Advsr Limited Co has 0.14% invested in Arthur J Gallagher & Co (NYSE:AJG) for 20,602 shares. Osborn Rohs Williams And Donohoe Limited last reported 0.23% of its portfolio in the stock. Employees Retirement Association Of Colorado holds 0.02% or 41,460 shares in its portfolio. Umb Commercial Bank N A Mo owns 16,730 shares or 0.03% of their US portfolio. Somerset Trust accumulated 8,981 shares or 0.26% of the stock.
Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 8 selling transactions for $2.51 million net activity. McCurdy Kay W also sold $295,140 worth of Arthur J Gallagher & Co (NYSE:AJG) on Monday, August 1. CARY RICHARD C sold $397,427 worth of Arthur J Gallagher & Co (NYSE:AJG) on Monday, November 7. $148,800 worth of Arthur J Gallagher & Co (NYSE:AJG) shares were sold by English Frank E. Jr.. On Tuesday, August 9 JOHNSON DAVID S sold $155,293 worth of the stock or 3,125 shares. $350,184 worth of Arthur J Gallagher & Co (NYSE:AJG) was sold by Pietrucha Susan E on Wednesday, September 7. 9,375 shares with value of $461,850 were sold by ROSENTHAL NORMAN L on Thursday, August 4. The insider HOWELL DOUGLAS K sold 9,000 shares worth $450,900.
More notable recent Arthur J Gallagher & Co (NYSE:AJG) news were published by: Reuters.com which released: “BRIEF-Arthur J. Gallagher & Co acquires Argentis” on November 10, 2016, also Prnewswire.com with their article: “Arthur J. Gallagher & Co. Acquires Argentis” published on November 10, 2016, Reuters.com published: “BRIEF-Arthur J. Gallagher & Co buys Altman & Cronin Benefit Consultants LL…” on November 09, 2016. More interesting news about Arthur J Gallagher & Co (NYSE:AJG) were released by: Prnewswire.com and their article: “Arthur J. Gallagher & Co. Acquires Altman & Cronin Benefit Consultants LLC” published on November 09, 2016 as well as Prnewswire.com‘s news article titled: “Arthur J. Gallagher & Co. Acquires Regency Group” with publication date: November 08, 2016.
AJG Company Profile
Arthur J. Gallagher & Co., incorporated on March 30, 1972, is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The Firm operates through three divisions: brokerage, risk management and corporate. The Firm provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating divisions. The Company’s Brokerage segment is engaged in the negotiation and placement of insurance for its clients. The Company’s Risk Management segment is engaged in claims management, information management, risk control consulting services and appraisals in the property/casualty market. The Company’s brokers, agents and administrators act as intermediaries between insurers and their customers.
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