Arthur J. Gallagher & Co. (NYSE:AJG) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $352.00 price target on the financial services provider’s stock. Redburn Atlantic’s price target suggests a potential upside of 4.59% from the company’s current price.

Other equities analysts have also issued reports about the stock. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $313.20.

Arthur J. Gallagher & Co. Trading Down 0.2 %

AJG stock opened at $336.56 on Tuesday. The business’s 50-day moving average is $319.90 and its 200 day moving average is $300.37. Arthur J. Gallagher & Co. has a 12-month low of $230.08 and a 12-month high of $345.43. The stock has a market cap of $85.72 billion, a price-to-earnings ratio of 51.62 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.

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

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 in the last three months. 1.60% of the stock is owned by company insiders.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Valley National Advisers Inc. acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $25,000. MRP Capital Investments LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $28,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in shares of 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 purchasing an additional 49 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Arthur J. Gallagher & Co. by 205.4% in the fourth quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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.