Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $275.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price upped by equities research analysts at Truist Financial from $265.00 to $275.00 in a report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s target price indicates a potential downside of 1.34% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank Of America (Bofa) boosted their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. TD Cowen raised their target price on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Piper Sandler upped their price target on Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. BMO Capital Markets boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $282.93.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG traded down $3.47 during midday trading on Friday, reaching $278.73. The company’s stock had a trading volume of 463,106 shares, compared to its average volume of 817,509. The stock has a market capitalization of $60.90 billion, a P/E ratio of 56.42, a PEG ratio of 2.47 and a beta of 0.72. 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 has a 50 day moving average price of $285.38 and a 200-day moving average price of $262.49. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04.

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

Insider Buying and Selling at Arthur J. Gallagher & Co.

In related news, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction on 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 transaction, the general counsel now owns 30,053 shares of the company’s stock, valued at $8,536,855.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the completion of the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,654,772.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Walter D. Bay sold 6,335 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total value of $1,799,520.10. Following the completion of the sale, the general counsel now directly owns 30,053 shares of the company’s stock, valued at approximately $8,536,855.18. The disclosure for this sale can be found here. Insiders sold a total of 37,145 shares of company stock worth $10,629,900 over the last three months. 1.60% of the stock is owned by insiders.

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

A number of large investors have recently bought and sold shares of AJG. Gilbert & Cook Inc. raised its holdings in Arthur J. Gallagher & Co. by 5.0% during the 4th quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 259 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $264,000. D.A. Davidson & CO. raised its position in Arthur J. Gallagher & Co. by 28.6% during the 4th quarter. D.A. Davidson & CO. now owns 2,899 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 645 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Arthur J. Gallagher & Co. by 18.8% in the 4th quarter. Corient Private Wealth LLC now owns 61,249 shares of the financial services provider’s stock worth $13,774,000 after buying an additional 9,701 shares during the period. Finally, Assetmark Inc. grew its position in shares of Arthur J. Gallagher & Co. by 67.3% in the 4th quarter. Assetmark Inc. now owns 7,040 shares of the financial services provider’s stock worth $1,583,000 after buying an additional 2,832 shares during the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

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.