Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arthur J. Gallagher & Co. shares valued at $1,992,740 were sold by HOWELL DOUGLAS K on Sep 19 ’24. At $284.68 per share, HOWELL DOUGLAS K sold 7,000 shares. The insider’s holdings dropped to 75,963 shares worth approximately $21.7 million following the completion of this transaction.
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Also, HOWELL DOUGLAS K purchased 7,000 shares, netting a total of over 1,992,740 in proceeds.
Before that, Pesch Michael Robert had sold 7,100 shares from its account. In a trade valued at $2,103,020, the President traded Arthur J. Gallagher & Co. shares for $296.20 each. Upon closing the transaction, the insider’s holdings decreased to 7,100 shares, worth approximately $9.5 million.
As published in their initiating research note from Barclays on September 05, 2024, Arthur J. Gallagher & Co. [AJG] has been an Equal weight and the price target has been revised to $300. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for AJG. Earlier on January 09, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for AJG stock which previously was a “a Buy”.
Analyzing AJG Stock Performance
During the last five days, there has been a drop of approximately -0.13%. Over the course of the year, Arthur J. Gallagher & Co. shares have jumped approximately 27.05%. Shares of the company reached a 52-week high of $301.04 on 09/16/24 and a 52-week low of $223.43 on 01/05/24. A 50-day SMA is recorded $287.93, while a 200-day SMA reached $257.72. Nevertheless, trading volume fell to 1.5 million shares from 1.08 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 280.29, which, if violated, would cause prices to drop to 274.89. In the upper region, resistance lies at 294.43. The next price resistance is at 303.17. RSI (Relative Strength Index) is 48.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.30, which suggests the price will increase in the coming days. Percent R is at 57.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
