Wells Fargo & Company Has Lowered Expectations for Arthur J. Gallagher & Co. (NYSE:AJG) Stock Price

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price lowered by research analysts at Wells Fargo & Company from $344.00 to $341.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 12.03% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Jefferies Financial Group upped their target price on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Barclays increased their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their target price for the company from $292.00 to $286.00 in a report on Friday, January 10th. Finally, The Goldman Sachs Group lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $303.86.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock traded up $5.34 on Friday, hitting $304.37. The company had a trading volume of 444,828 shares, compared to its average volume of 1,846,886. The firm has a market cap of $76.03 billion, a P/E ratio of 58.01 and a beta of 0.76. Arthur J. Gallagher & Co. has a twelve month low of $227.43 and a twelve month high of $316.72. The company has a 50-day moving average price of $291.70 and a 200-day moving average price of $288.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data 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 19.12% and a net margin of 10.40%. As a group, equities research analysts predict that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AJG. FMR LLC increased its holdings in Arthur J. Gallagher & Co. by 4.9% in the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after purchasing an additional 580,134 shares in the last quarter. State Street Corp increased its holdings in Arthur J. Gallagher & Co. by 0.5% in the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock valued at $2,513,199,000 after buying an additional 47,656 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Arthur J. Gallagher & Co. by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,490,728 shares of the financial services provider’s stock worth $1,541,044,000 after buying an additional 79,429 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Arthur J. Gallagher & Co. by 13.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock worth $899,538,000 after acquiring an additional 383,130 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Arthur J. Gallagher & Co. by 2.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,330,703 shares of the financial services provider’s stock valued at $374,408,000 after acquiring an additional 31,181 shares in 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 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.