Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $320.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective lifted by analysts at Royal Bank of Canada from $310.00 to $320.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 14.35% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. UBS Group raised their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a report on Friday, July 26th. Truist Financial boosted their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Bank Of America (Bofa) lifted their price target on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a report on Friday, July 26th. Finally, Barclays began coverage on Arthur J. Gallagher & Co. in a report on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $279.13.

Arthur J. Gallagher & Co. Stock Down 0.8 %

Shares of NYSE:AJG traded down $2.36 during trading hours on Friday, hitting $279.84. The company’s stock had a trading volume of 267,422 shares, compared to its average volume of 816,698. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $285.38 and its 200 day moving average price is $262.49. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The company has a market capitalization of $61.15 billion, a price-to-earnings ratio of 56.55, a P/E/G ratio of 2.47 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Insider Activity at Arthur J. Gallagher & Co.

In related news, General Counsel Walter D. Bay sold 6,335 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the transaction, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. 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, General Counsel Walter D. Bay sold 6,335 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the completion of the transaction, the general counsel now directly owns 30,053 shares in the company, valued at $8,536,855.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares in the company, valued at approximately $93,121,853.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,145 shares of company stock worth $10,629,900. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in AJG. Capital International Investors grew its holdings in shares of Arthur J. Gallagher & Co. by 7.0% in the first 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 during the period. Capital World Investors grew its stake in shares of Arthur J. Gallagher & Co. by 9.0% in 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 buying an additional 398,350 shares during the period. WCM Investment Management LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 0.6% during the 1st quarter. WCM Investment Management LLC now owns 2,624,447 shares of the financial services provider’s stock worth $656,217,000 after buying an additional 14,366 shares during the last quarter. Legal & General Group Plc lifted its holdings in Arthur J. Gallagher & Co. by 2.7% in the second quarter. Legal & General Group Plc now owns 1,640,938 shares of the financial services provider’s stock valued at $425,511,000 after acquiring an additional 42,841 shares during the last quarter. Finally, Boston Partners grew its position in Arthur J. Gallagher & Co. by 2.5% in the first quarter. Boston Partners now owns 1,611,299 shares of the financial services provider’s stock worth $402,206,000 after acquiring an additional 38,886 shares during the period. 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.