News Spotlight – Arthur J. Gallagher & Co. (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG) recently traded with change of -1.43% to $71.59 with the total traded volume of 466773 shares in current session versus to an average volume of 1.21M. The stock was up in the 5 days activity 5.78%. The one month performance of stock was high 9.86%. AJG shares are above 10.33% for the quarter and driving a 29.14% rally over the course of the past year and is now up 14.78% since this point in 2018.  Right now AJG beta is 1.17. The average volatility for the week and month was at 1.91% and 2.04% respectively.

Arthur J. Gallagher & Co. (NYSE:AJG) today reported the acquisition of Palmer Atlantic Insurance Ltd (Palmer Atlantic), located in New Brunswick, Canada.  Terms of the transaction were not disclosed. Founded in 1976, Palmer Atlantic is a retail property/casualty broker specializing in the transportation and logistics sector, and a leading trucking insurance specialist in Atlantic Canada. For more than 40 years, Palmer Atlantic has provided commercial insurance and risk management solutions to a wide range of industries and clients in the Atlantic region. Joe Palmer and his associates will continue to operate from their current location under the direction of Phillip Gaunce, head of Gallagher’s Atlantic Canada retail property/casualty brokerage operations.

Patrick Gallagher, Jr., Chairman, President and CEO said “The Palmer Atlantic team’s significant strength in transportation and logistics, reputation for delivering superior client service and strong market relationships make them a terrific addition to our expanding Canadian operations”. “I am very pleased to welcome Joe and his colleagues to our growing Gallagher family of professionals.”

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Shares of Arthur J. Gallagher & Co. have been recently spotted trading -1.62% off of the 52-week high price. On the other end, company shares have been noted 31.36% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 54.50 – 72.77. Switching over to some distances from popular moving averages, we see that the stock has been recorded 7.48% away from the 50 day moving average and 15.26% away from the 200 day moving average. Moving closer, we can see that shares have been trading 3.97% off of the 20-day moving average.

Warren Becky

Warren Becky

Warren Becky joined us, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Warren is the Senior Editor and market movers section. He also holds an MBA from Penn State University. He has two daughter and two children. Address: 2129 Maud Street, ESKO, Minnesota Email: Warrenbecky@stocksgeeks.com Zip Code: 55733 Contact number: 302-722-7537

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