Arthur J. Gallagher & Co’s filing revealed that its Chief Operating Officer Gallagher Patrick Murphy acquired Company’s shares for reported $0.32 million on Dec 23 ’24. In the deal valued at $284.14 per share,1,115 shares were bought. As a result of this transaction, Gallagher Patrick Murphy now holds 40,308 shares worth roughly $11.57 million.
Then, Matrix Trust Co bought 15,000 shares, generating $4,256,100 in total proceeds.
Before that, BARRAT SHERRY S sold 878 shares. Arthur J. Gallagher & Co shares valued at $258,698 were divested by the Director at a price of $294.64 per share. As a result of the transaction, BARRAT SHERRY S now holds 19,880 shares, worth roughly $5.71 million.
TD Cowen upgraded its Arthur J. Gallagher & Co [AJG] rating to a Buy from a a Hold in a research note published on January 10, 2025; the price target was increased to $377 from $295. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Mkt perform”. Piper Sandler also remained covering AJG and has increased its forecast on January 08, 2025 with a “an Overweight” recommendation from previously “Neutral” rating. Goldman revised its rating on November 25, 2024. It rated AJG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AJG
On Friday, Arthur J. Gallagher & Co [NYSE:AJG] saw its stock jump 0.53% to $287.01. Over the last five days, the stock has gained 4.03%. Arthur J. Gallagher & Co shares have risen nearly 1.11% since the year began. Nevertheless, the stocks have risen 26.92% over the past one year. While a 52-week high of $316.72 was reached on 01/10/25, a 52-week low of $224.21 was recorded on 01/02/25. SMA at 50 days reached $290.88, while 200 days put it at $273.66.
Levels Of Support And Resistance For AJG Stock
The 24-hour chart illustrates a support level at 283.64, which if violated will result in even more drops to 280.27. On the upside, there is a resistance level at 290.36. A further resistance level may holdings at 293.71. The Relative Strength Index (RSI) on the 14-day chart is 50.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.53%. Stochastics %K at 74.69% indicates the stock is a holding.
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 2024-12-13, growing by 4.58 million shares to a total of 7.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.76 million shares. There was a rise of 62.42%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $300 price target.
