Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Raised to $314.00 at Keefe, Bruyette & Woods

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price increased by analysts at Keefe, Bruyette & Woods from $308.00 to $314.00 in a report released on Friday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 5.43% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Truist Financial lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Barclays lifted their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average price target of $310.43.

Arthur J. Gallagher & Co. Stock Down 0.7 %

Arthur J. Gallagher & Co. stock opened at $332.02 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $345.43. The firm has a market capitalization of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a 50 day simple moving average of $316.96 and a 200 day simple moving average of $299.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. On average, analysts predict that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock valued at $7,478,224 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Arthur J. Gallagher & Co.

A number of hedge funds and other institutional investors have recently made changes to their positions in AJG. Valley National Advisers Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $25,000. Pin Oak Investment Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the period. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $28,000. New Age Alpha Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after buying an additional 49 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in Arthur J. Gallagher & Co. by 205.4% during the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock worth $34,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.