By otakuyassine3@gmail.com 
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) had its target price boosted by Keefe, Bruyette & Woods from $295.00 to $308.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 9.46% from the company’s previous close.
Several other analysts also recently issued reports on AJG. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $377.00 in a research report on Friday, January 10th. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price objective on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $307.93.
Get Our Latest Research Report on Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. Stock Down 0.2 %
Shares of NYSE AJG opened at $340.18 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $307.15 and a 200 day moving average price of $296.62. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43. The stock has a market capitalization of $86.64 billion, a price-to-earnings ratio of 52.17 and a beta of 0.77.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.
Insider Activity
In other news, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the transaction, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David S. Johnson sold 325 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the sale, the director now directly owns 44,783 shares of the company’s stock, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,725 shares of company stock valued at $4,972,964 in the last three months. Corporate insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Arthur J. Gallagher & Co.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valley National Advisers Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $25,000. MRP Capital Investments LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $28,000. Rakuten Securities Inc. boosted its position in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 87 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its position 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 acquiring an additional 49 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.
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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.
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