Stifel Nicolaus Upgrading Gallagher & Co. - Arthur J. Gallagher (NYSE:AJG)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Stifel Nicolaus is upgrading shares of Arthur J. Gallagher & Co. (NYSE: AJG) to Buy from Hold, and it has a $35 price target on shares.In a note to clients, Stifel Nicolaus writes, "Rapidly shrinking reserve releases (for 17 publicly-traded insurersthat have reported 2Q11 results so far, aggregate releases dropped by about 49% y/y, a 400 bps calendar-year combined ratio increase) are eroding underwriting profits. The industry's quickly deteriorating underwriting profitability should continue bolster price discipline, which in turn should expand AJG's revenues and margins."Shares of AJG are up 32 cents in pre-market trading to $28.54.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!