Arthur J. Gallagher (AJG) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Arthur J. Gallagher (AJG) is identified as a promising momentum stock with a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [2][6] Price Performance - AJG shares have increased by 4.92% over the past week, while the Zacks Insurance - Brokerage industry has risen by 5.38% during the same period [3] - Over the last month, AJG's stock price has changed by 7.77%, outperforming the industry's 7.65% [3] - In the last quarter, AJG shares rose by 14.96%, and over the past year, they increased by 30.06%, compared to the S&P 500's gains of 7.18% and 20.85%, respectively [4] Trading Volume - AJG's average 20-day trading volume is 723,486 shares, which serves as a price-to-volume baseline indicating bullish or bearish trends [4] Earnings Estimates - In the past two months, 5 earnings estimates for AJG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.06 to $10.15 [5] - For the next fiscal year, 5 estimates have also moved upwards without any downward revisions [5]