Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Raised to $301.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price boosted by analysts at Wells Fargo & Company from $282.00 to $301.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 9.87% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday. Argus raised their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Truist Financial reaffirmed a “hold” rating and set a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Piper Sandler decreased their price objective on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, TD Cowen lifted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $267.25.

Arthur J. Gallagher & Co. Stock Down 0.1 %

Arthur J. Gallagher & Co. stock opened at $273.97 on Friday. The stock has a market cap of $59.86 billion, a P/E ratio of 55.46, a P/E/G ratio of 2.45 and a beta of 0.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.70. Arthur J. Gallagher & Co. has a twelve month low of $214.13 and a twelve month high of $277.78. The company’s 50-day moving average price is $260.82 and its two-hundred day moving average price is $248.07.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm earned $1.90 EPS. The business’s revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Arthur J. Gallagher & Co. will post 10.1 EPS for the current year.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 16,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, May 10th. The shares were sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the transaction, the chief financial officer now owns 80,952 shares in the company, valued at $20,109,286.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 16,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the sale, the chief financial officer now owns 80,952 shares of the company’s stock, valued at $20,109,286.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Walter D. Bay sold 8,303 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $262.74, for a total transaction of $2,181,530.22. Following the sale, the general counsel now directly owns 36,388 shares in the company, valued at approximately $9,560,583.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,165 shares of company stock worth $13,629,049. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

Institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $31,000. Ruedi Wealth Management Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $33,000. Finally, Security National Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.