Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $282.00 at Wells Fargo & Company

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target increased by research analysts at Wells Fargo & Company from $274.00 to $282.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 8.41% from the company’s current price.

AJG has been the topic of several other research reports. Royal Bank of Canada lifted their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Bank of America lifted their price target on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 22nd. Truist Financial reiterated a “hold” rating and set a $255.00 price objective (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Argus lifted their target price on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, TD Cowen upped their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $263.00.

Arthur J. Gallagher & Co. Stock Performance

AJG opened at $260.13 on Wednesday. Arthur J. Gallagher & Co. has a 1-year low of $209.39 and a 1-year high of $266.39. The company has a market capitalization of $56.84 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 2.35 and a beta of 0.72. The business has a 50 day moving average price of $250.11 and a two-hundred day moving average price of $242.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.08. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business posted $3.03 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Research analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, General Counsel Walter D. Bay sold 8,717 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $257.00, for a total transaction of $2,240,269.00. Following the transaction, the general counsel now directly owns 44,691 shares of the company’s stock, valued at $11,485,587. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Walter D. Bay sold 8,717 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $257.00, for a total transaction of $2,240,269.00. Following the completion of the sale, the general counsel now directly owns 44,691 shares in the company, valued at $11,485,587. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Walter D. Bay sold 800 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $257.24, for a total value of $205,792.00. Following the completion of the transaction, the general counsel now owns 44,691 shares in the company, valued at approximately $11,496,312.84. The disclosure for this sale can be found here. Insiders sold 53,165 shares of company stock valued at $13,629,049 over the last three months. 1.60% of the stock is owned by corporate insiders.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors raised its holdings in shares of Arthur J. Gallagher & Co. by 7.0% during the 1st quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider’s stock valued at $2,763,177,000 after purchasing an additional 727,325 shares in the last quarter. Morgan Stanley raised its holdings in Arthur J. Gallagher & Co. by 0.6% during the third quarter. Morgan Stanley now owns 6,209,557 shares of the financial services provider’s stock valued at $1,415,345,000 after buying an additional 34,999 shares in the last quarter. Norges Bank acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $1,308,316,000. JPMorgan Chase & Co. boosted its stake in shares of Arthur J. Gallagher & Co. by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,000,975 shares of the financial services provider’s stock worth $1,139,872,000 after acquiring an additional 90,842 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of Arthur J. Gallagher & Co. by 9.0% during the 1st quarter. Capital World Investors now owns 4,832,060 shares of the financial services provider’s stock valued at $1,208,208,000 after acquiring an additional 398,350 shares during the last quarter. Institutional investors 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.