Insider Selling: JOHNSON DAVID S, Arthur J. Gallagher & Co. [AJG] Director divested 1,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arthur J. Gallagher & Co. shares valued at $190,140 were sold by JOHNSON DAVID S on Aug 22. At $190.14 per share, JOHNSON DAVID S sold 1,000 shares. The insider’s holdings dropped to 47,508 shares worth approximately $8.28 million following the completion of this transaction.


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Also, HOWELL DOUGLAS K sold 6,000 shares, netting a total of over 1,141,920 in proceeds. Following the sale of shares at $190.32 each, the insider now holds 88,123 shares.

Before that, Cavaness Joel D had sold 16,200 shares from its account. In a trade valued at $3,030,534, the Vice President traded Arthur J. Gallagher & Co. shares for $187.07 each. Upon closing the transaction, the insider’s holdings decreased to 16,200 shares, worth approximately $21.11 million.

As published in a research note from Piper Sandler on September 21, 2022, Arthur J. Gallagher & Co. [AJG] has been rated down from an Overweight to a Neutral and the price target has been revised to $195. This represents a 10.61% premium over Wednesday’s closing price. Analysts at Argus started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of July 12, 2022, Goldman has initiated its “Buy” rating for AJG. Earlier on June 16, 2022, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for AJG stock which previously was a “a Sector perform”.

Analyzing AJG’s Price Performance

On Wednesday, Arthur J. Gallagher & Co. [NYSE: AJG] plunged -2.71% to $174.32. The stock’s lowest price that day was $174.18, but it reached a high of $181.23 in the same session. During the last five days, there has been a drop of approximately -5.82%. Over the course of the year, Arthur J. Gallagher & Co. shares have jumped approximately 2.74%. Shares of the company reached a 52-week high of $191.99 on 08/26/22 and a 52-week low of $147.32 on 01/27/22. A 50-day SMA is recorded $180.00, while a 200-day SMA reached $167.61. Nevertheless, trading volume fell to 1.12 million shares from 0.84 million shares the previous day.

Support And Resistance Levels for Arthur J. Gallagher & Co. (AJG)

According to the 24-hour chart, there is a support level at 171.92, which, if violated, would cause prices to drop to 169.53. In the upper region, resistance lies at 178.97. The next price resistance is at 183.63. RSI (Relative Strength Index) is 35.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.67, which suggests the price will decrease in the coming days. Percent R is at 99.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Arthur J. Gallagher & Co. subject to short interest?

Stocks of Arthur J. Gallagher & Co. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.41 million shares to 1.87 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.46 million shares. A jump of 21.93% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.21 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.21.

Which companies own the most shares of Arthur J. Gallagher & Co. (AJG)?

According to The Vanguard Group, Inc. filings, the company currently owns 24,677,779 shares, which is about 11.73% of the total AJG shares outstanding. The investor’s shares have appreciated by 644,539 from its previous 13-F filing of 24033240.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,113,274,165. Fidelity Management & Research Co acquire a 8.09% interest valued at $1.72 billion while SSgA Funds Management, Inc. sold a -694,918 stake. A total of -107,309 shares of Arthur J. Gallagher & Co. were sold by Baillie Gifford & Co. during the quarter, and 3,522,014 were bought by Norges Bank Investment Management. In its current portfolio, Capital Research & Management Co holds 6,779,724 shares valued at $1.23 billion.

In terms of Arthur J. Gallagher & Co. share price expectations, FactSet research, analysts set an average price target of $198.38 in the next 12 months, up nearly 12.18% from the previous closing price of $179.17. Analysts anticipate Arthur J. Gallagher & Co. stock to reach $215.00 by 2022, with the lowest price target being $145.00. In spite of this, 17 analysts ranked Arthur J. Gallagher & Co. stock as an Overweight at the end of 2022. On May 02, 2022, Raymond James assigned a price target of “a Strong buy” to the stock and upgraded coverage with a $195.

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