Short Interest Coverage: Today Arthur J Gallagher & Company (NYSE:AJG) Reported Decrease in Shorted Shares

November 23, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Coverage: Today Arthur J Gallagher & Company (NYSE:AJG) Reported Decrease in Shorted Shares

The stock of Arthur J Gallagher & Company (NYSE:AJG) registered a decrease of 12.93% in short interest. AJG’s total short interest was 2.98 million shares in November as published by FINRA. Its down 12.93% from 3.42 million shares, reported previously. With 788,100 shares average volume, it will take short sellers 4 days to cover their AJG’s short positions. The short interest to Arthur J Gallagher & Company’s float is 1.7%. About 610,311 shares traded hands. Arthur J Gallagher & Co (NYSE:AJG) has risen 14.39% since April 21, 2016 and is uptrending. It has outperformed by 9.06% 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 $9.14 billion. The Firm operates through three divisions: brokerage, risk management and corporate. It has a 24.08 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.

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.23, from 1.41 in 2016Q1. The ratio dropped, as 21 funds sold all Arthur J Gallagher & Co shares owned while 136 reduced positions. 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.
Mitchell Sinkler Starr Pa owns 10,900 shares or 0.71% of their US portfolio. Financial Bank Of America De holds 0.02% of its portfolio in Arthur J Gallagher & Co (NYSE:AJG) for 1.59 million shares. Pnc Fincl Services Grp Inc owns 33,990 shares or 0% of their US portfolio. Millennium Mgmt Limited Liability holds 0.05% of its portfolio in Arthur J Gallagher & Co (NYSE:AJG) for 430,150 shares. Wfg Advisors Ltd Partnership has 0% invested in the company for 1 shares. Everpoint Asset Management Limited Liability Com has invested 0.07% of its portfolio in Arthur J Gallagher & Co (NYSE:AJG). Tudor Inv Corp Et Al has 5,000 shares for 0.01% of their US portfolio. Fifth Third Comml Bank accumulated 0% or 6,864 shares. Envestnet Asset Management reported 24,831 shares or 0% of all its holdings. Burgundy Asset Mgmt Limited last reported 1.48 million shares in the company. Palouse Cap Mgmt accumulated 71,476 shares or 1.38% of the stock. Amf Pensionsforsakring Ab, a Sweden-based fund reported 313,289 shares. Tower Ltd (Trc) last reported 1,304 shares in the company. Aviva Public Limited Co owns 104,260 shares or 0.03% of their US portfolio. Janus Cap Mgmt Ltd Liability Com has 0.01% invested in the company for 161,148 shares.

Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 10 insider sales for $2.84 million net activity. 9,375 shares with value of $461,850 were sold by ROSENTHAL NORMAN L on Thursday, August 4. On Tuesday, August 9 the insider JOHNSON DAVID S sold $155,293. The insider English Frank E. Jr. sold $148,800. McCurdy Kay W sold 5,000 shares worth $249,300. CARY RICHARD C sold 8,230 shares worth $397,427. 9,000 shares were sold by HOWELL DOUGLAS K, worth $450,900. 6,955 Arthur J Gallagher & Co (NYSE:AJG) shares with value of $350,184 were sold by Pietrucha Susan E.

Arthur J Gallagher & Co (NYSE:AJG) Ratings Coverage

Out of 10 analysts covering Arthur J. Gallagher (NYSE:AJG), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. Arthur J. Gallagher has been the topic of 19 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29. Goldman Sachs downgraded the stock to “Sell” rating in Tuesday, November 15 report. Sandler O’Neill downgraded the shares of AJG in a report on Tuesday, September 29 to “Hold” rating. Wells Fargo initiated the shares of AJG in a report on Wednesday, October 14 with “Outperform” rating. On Friday, February 5 the stock rating was maintained by Compass Point with “Buy”. The stock of Arthur J Gallagher & Co (NYSE:AJG) earned “Neutral” rating by Goldman Sachs on Monday, November 2. The stock of Arthur J Gallagher & Co (NYSE:AJG) has “Buy” rating given on Friday, July 29 by Compass Point. RBC Capital Markets maintained Arthur J Gallagher & Co (NYSE:AJG) rating on Thursday, February 4. RBC Capital Markets has “Sector Perform” rating and $44 price target. The company was upgraded on Monday, March 21 by William Blair. The firm has “Buy” rating given on Thursday, February 4 by Citigroup.

AJG Company Profile

Arthur J. Gallagher & Co., incorporated on March 30, 1972, is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to both domestic and international entities. The Firm operates through three divisions: brokerage, risk management and corporate. The Firm provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating divisions. The Company’s Brokerage segment is engaged in the negotiation and placement of insurance for its clients. The Company’s Risk Management segment is engaged in claims management, information management, risk control consulting services and appraisals in the property/casualty market. The Company’s brokers, agents and administrators act as intermediaries between insurers and their customers.

More notable recent Arthur J Gallagher & Co (NYSE:AJG) news were published by: Prnewswire.com which released: “Arthur J. Gallagher & Co. Acquires Regency Group” on November 08, 2016, also Prnewswire.com with their article: “Arthur J. Gallagher & Co. Acquires Argentis” published on November 10, 2016, Prnewswire.com published: “Arthur J. Gallagher & Co. Acquires Altman & Cronin Benefit Consultants LLC” on November 09, 2016. More interesting news about Arthur J Gallagher & Co (NYSE:AJG) were released by: Prnewswire.com and their article: “Arthur J. Gallagher & Co. Announces Third Quarter 2016 Financial Results” published on October 27, 2016 as well as Prnewswire.com‘s news article titled: “Arthur J. Gallagher & Co. Acquires Orb Financial Services Limited” with publication date: August 01, 2016.

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By Dolores Ford


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