Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $320.00 at Royal Bank of Canada

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

Other equities analysts have also issued reports about the stock. Bank Of America (Bofa) upped 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 research report on Friday, July 26th. Piper Sandler upped their target price on shares of Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. TD Cowen raised their price target on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. BMO Capital Markets upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Truist Financial increased their target price on Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $279.13.

Arthur J. Gallagher & Co. Stock Performance

Shares of Arthur J. Gallagher & Co. stock traded down $2.36 on Friday, hitting $279.84. 267,422 shares of the company’s stock were exchanged, compared to its average volume of 816,698. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $61.15 billion, a PE ratio of 56.55, a PEG ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $301.04. The company has a 50-day simple moving average of $285.38 and a 200-day simple moving average of $262.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $2.26 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 return on equity of 19.25% and a net margin of 10.41%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 earnings per share. As a group, equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 8,710 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $285.07, for a total transaction of $2,482,959.70. Following the sale, the chief financial officer now directly owns 75,963 shares in the company, valued at $21,654,772.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Michael Robert Pesch sold 7,100 shares of Arthur J. Gallagher & Co. stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the completion of the transaction, the president now directly owns 33,267 shares of the company’s stock, valued at approximately $9,853,685.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Douglas K. Howell sold 8,710 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 disclosure for this sale can be found here. Insiders sold 37,145 shares of company stock valued at $10,629,900 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC bought a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth about $26,000. Strategic Investment Solutions Inc. IL bought a new position in Arthur J. Gallagher & Co. in the 2nd quarter worth about $26,000. Richardson Financial Services Inc. purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $27,000. Creekmur Asset Management LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at approximately $27,000. Finally, DiNuzzo Private Wealth Inc. grew its stake in Arthur J. Gallagher & Co. by 89.7% in the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

About Arthur J. Gallagher & Co.

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.