Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $254.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target boosted by analysts at Piper Sandler from $252.00 to $254.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price points to a potential downside of 8.90% from the stock’s previous close.

AJG has been the subject of several other research reports. Bank of America raised their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the stock an “underperform” rating in a report on Wednesday, May 22nd. Argus raised their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Truist Financial raised their price target on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Cowen raised their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $268.25.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG traded up $4.85 during midday trading on Friday, reaching $278.82. The company had a trading volume of 41,842 shares, compared to its average volume of 842,916. The business’s 50-day simple moving average is $260.82 and its 200 day simple moving average is $248.07. The stock has a market cap of $60.92 billion, a P/E ratio of 56.44, a P/E/G ratio of 2.45 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1 year low of $214.13 and a 1 year high of $279.50. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $1.90 earnings per share. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.1 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Walter D. Bay sold 8,717 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $257.00, for a total value of $2,240,269.00. Following the completion of the transaction, the general counsel now owns 44,691 shares in the company, valued at $11,485,587. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Walter D. Bay sold 8,717 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $257.00, for a total value of $2,240,269.00. Following the completion of the transaction, the general counsel now owns 44,691 shares in the company, valued at approximately $11,485,587. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Walter D. Bay sold 800 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $257.24, for a total transaction of $205,792.00. Following the completion of the sale, the general counsel now owns 44,691 shares of the company’s stock, valued at approximately $11,496,312.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,165 shares of company stock valued at $13,629,049. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 14.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after buying an additional 43 shares during the last quarter. Forte Capital LLC ADV increased its stake in shares of Arthur J. Gallagher & Co. by 1.9% in the fourth quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after buying an additional 44 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 4.7% in the first quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock worth $246,000 after buying an additional 44 shares during the last quarter. Cambridge Trust Co. increased its stake in shares of Arthur J. Gallagher & Co. by 5.1% in the fourth quarter. Cambridge Trust Co. now owns 969 shares of the financial services provider’s stock worth $218,000 after buying an additional 47 shares during the last quarter. Finally, ERn Financial LLC increased its stake in shares of Arthur J. Gallagher & Co. by 1.9% in the first quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after buying an additional 47 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

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.