Insider Selling Buzz: Arthur J. Gallagher & Co. [AJG] Director BAX WILLIAM L sold 350 shares of the company


In a filing, Arthur J. Gallagher & Co. revealed its Director BAX WILLIAM L unloaded Company’s shares for reported $66255.0 on Oct 31. In the deal valued at $189.30 per share,350 shares were sold. As a result of this transaction, BAX WILLIAM L now holds 45,405 shares worth roughly $ 8.72 million.

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Then, JOHNSON DAVID S sold 1,000 shares, generating $190,140 in total proceeds. Upon selling the shares at $190.14, the Director now owns 47,508 shares.

Before that, HOWELL DOUGLAS K sold 6,000 shares. Arthur J. Gallagher & Co. shares valued at $1,141,920 were divested by the VP & Chief Financial Officer at a price of $190.32 per share. As a result of the transaction, HOWELL DOUGLAS K now holds 88,123 shares, worth roughly $16.92 million.

Piper Sandler downgraded its Arthur J. Gallagher & Co. [AJG] rating to a Neutral from a an Overweight in a research note published on Monday. PT values the company’s stock at a premium of 1.54 to its Monday closing price. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Goldman began covering AJG with “Buy” recommendation on July 12, 2022. RBC Capital Mkts revised its rating on June 16, 2022. It rated AJG as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of AJG

On Monday, Arthur J. Gallagher & Co. [NYSE:AJG] saw its stock jump 1.91% to $191.99. On the same session, the stock had its day’s lowest price of $187.72, but rose to a high of $192.46. Over the last five days, the stock has gained 2.62%. Arthur J. Gallagher & Co. shares have risen nearly 13.15% since the year began. Nevertheless, the stocks have risen 19.80% over the past one year. While a 52-week high of $191.99 was reached on 11/07/22, a 52-week low of $147.32 was recorded on 01/27/22. SMA at 50 days reached $179.57, while 200 days put it at $169.72. A total of 0.72 million shares were traded, compared to the trading of 1.15 million shares in the previous session.

Levels Of Support And Resistance For AJG Stock

The 24-hour chart illustrates a support level at 188.99, which if violated will result in even more drops to 185.98. On the upside, there is a resistance level at 193.73. A further resistance level may holdings at 195.46. The Relative Strength Index (RSI) on the 14-day chart is 65.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.00%. Stochastics %K at 92.68% indicates the stock is a selling.

How much short interest is there in Arthur J. Gallagher & Co.?

A steep rise in short interest was recorded in Arthur J. Gallagher & Co. stocks on Jul 14, 2022, growing by 0.41 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.46 million shares. There was a rise of 21.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.02% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.21.

Arthur J. Gallagher & Co. [AJG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 24,677,779 shares, or roughly 11.73% of the outstanding AJG shares. In other words, the investor’s shares have risen by 644,539 from its previous 13-F filing of 24033240.0. Additionally, BlackRock Fund Advisors increased 1.06% of its stake after which the total value it holdings stand at $1,992,811,602, while Fidelity Management & Research Co added 8.09% of its stake to hold $1.62 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -694,918 shares of Arthur J. Gallagher & Co., while Baillie Gifford & Co. sold -174,728 shares. At present, Norges Bank Investment Management is holding 6,911,540 shares valued at $1.18 billion. Capital Research & Management Co owned 6,779,724 shares of the company at the time of its most recent 13F filing, worth $1.16 billion.

According to FactSet, Arthur J. Gallagher & Co.’s share price will average $201.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.29 percent from its previous closing price of $188.39. Analysts expect Arthur J. Gallagher & Co. stock to reach the higher price of $220.00, while the lowest price estimate is $144.00. However, 18 analysts have rated AJG stock as an Overweight in their predictions for 2022.


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