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

Arthur J. Gallagher & Co provides insurance brokerage and consulting services to middle-market entities around the world. The majority of the company's revenue comes from its brokerage segment, where it negotiates and places its customers with insurance companies that provide, among other types, property/casualty and health insurance. The company's primary source of revenue in the brokerage segment is commissioning from the insurance companies. The company also generates significant revenue in its corporate segment, which includes clean energy investment and other investment income. The company generates most of its revenue in the United States, with the remaining revenue coming primarily from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.

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

As of April 23, 2024, AJG stock price climbed to $237.87 with 481,471 million shares trading.

AJG has a beta of 0.38, meaning it tends to be less sensitive to market movements. AJG has a correlation of 0.06 to the broad based SPY ETF.

AJG has a market cap of $51.93 billion. This is considered a Large Cap stock.

Last quarter Arthur J. Gallagher & Co. reported $2 billion in Revenue and $1.85 earnings per share. This beat revenue expectation by $72 million and met earnings estimates .

In the last 3 years, AJG stock traded as high as $256.10 and as low as $135.50.

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 +15.6% while the SPY ETF gained +24.3%. AJG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.4% and -2.6%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

AJG support price is $234.62 and resistance is $240.42 (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 stock will trade within this expected range on the day.