Insurance Technology Industry News

TMCNet:  Upgrade Alert for Arthur J Gallagher (AJG)

[February 01, 2013]

Upgrade Alert for Arthur J Gallagher (AJG)

Feb 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Arthur J Gallagher (NYSE:AJG) was upgraded from Equal Weight to Overweight at Stephens today. The stock closed yesterday at $36.95 on volume of 3.1 million shares, above average daily volume of 718,000. In the past 52 weeks, shares of Arthur J Gallagher have traded between a low of $32.80 and a high of $38.24 and closed yesterday at $36.95, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage, risk management, employee benefit, and other related services to clients in the United States and abroad. The Company's principal activity is the negotiation and placement of insurance for its clients. Gallagher also specializes in furnishing risk management services.

Arthur J Gallagher (NYSE:AJG) has potential upside of 7.5% based on a current price of $36.95 and analysts' consensus price target of $39.73. The stock should discover initial support at its 50-day moving average (MA) of $35.76 and subsequent support at its 200-day MA of $35.71.

SmarTrend is monitoring the recent change of momentum in Arthur J Gallagher. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Arthur J Gallagher in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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