The stock of Arthur J Gallagher & Company (NYSE:AJG) registered a decrease of 12.28% in short interest. AJG’s total short interest was 2.99 million shares in September as published by FINRA. Its down 12.28% from 3.41 million shares, reported previously. With 1.53 million shares average volume, it will take short sellers 2 days to cover their AJG’s short positions. The short interest to Arthur J Gallagher & Company’s float is 1.71%. About 848,694 shares traded hands. Arthur J Gallagher & Co (NYSE:AJG) has risen 31.46% since February 8, 2016 and is uptrending. It has outperformed by 14.97% the S&P500.
Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The company has a market cap of $8.99 billion. The Firm operates through three divisions: brokerage, risk management and corporate. It has a 22.52 P/E ratio. The Firm provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating divisions.
The institutional sentiment is 1.41 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 21 funds sold all Arthur J Gallagher & Co shares owned while 136 reduced positions. only 69 funds bought stakes while 153 increased positions. They now own 141.07 million shares or 0.50% less from 141.78 million shares in 2016Q1.
Cornerstone Capital Inc. holds 3.87% of its portfolio in Arthur J Gallagher & Co for 372,895 shares. Endeavour Capital Advisors Inc owns 1.07 million shares or 3.81% of their US portfolio. Moreover, A.R. Schmeidler & Co. Inc. has 3.44% invested in the company for 322,437 shares. The Texas-based Rench Wealth Management Inc. has invested 3% in the stock. Welch Group Llc, a Alabama-based fund reported 292,776 shares.
Out of 10 analysts covering Arthur J. Gallagher (NYSE:AJG), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Arthur J. Gallagher has been the topic of 16 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Compass Point maintained the stock on July 29 with “Buy” rating.
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