AJG Stock Summary and Trading Ideas (Arthur J. Gallagher & Co. | NYSE:AJG)

Founded in 1927 as a one-person agency, Gallagher's primary business is insurance brokerage, with a focus on serving middle-market companies. The company's risk management segment provides third-party claims adjustment to companies that choose to self-insure. Gallagher has 52,000 employees and generates 36% of its revenue internationally, primarily in Australia, Canada, New Zealand, and the UK.

Arthur J. Gallagher & Co. trades on the NYSE stock market under the symbol AJG.

As of October 23, 2024, AJG stock price climbed to $288.93 with 576,982 million shares trading.

AJG has a beta of 0.23, meaning it tends to be less sensitive to market movements. AJG has a correlation of 0.02 to the broad based SPY ETF.

AJG has a market cap of $63.30 billion. This is considered a Large Cap stock.

Last quarter Arthur J. Gallagher & Co. reported $3 billion in Revenue and $2.26 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.02.

In the last 3 years, AJG traded as high as $301.04 and as low as $147.33.

The top ETF exchange traded funds that AJG belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

AJG has underperformed the market in the last year with a price return of +28.0% while the SPY ETF gained +38.9%. However, in the short term, AJG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.5% vs +4.5% return in SPY. But in the last 2 weeks, AJG shares have been beat by the market, returning -1.4% compared to an SPY return of +0.8%.

AJG support price is $284.15 and resistance is $290.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AJG shares will trade within this expected range on the day.