Keefe, Bruyette & Woods Increases Arthur J. Gallagher & Co. (NYSE:AJG) Price Target to $314.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target boosted by Keefe, Bruyette & Woods from $308.00 to $314.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 5.43% from the company’s current price.

Several other analysts have also issued reports on AJG. TD Cowen upgraded Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $377.00 in a report on Friday, January 10th. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Wells Fargo & Company dropped their target price on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Barclays upped their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $310.43.

Arthur J. Gallagher & Co. Stock Down 0.7 %

NYSE:AJG opened at $332.02 on Friday. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75. The stock has a 50-day moving average price of $316.96 and a two-hundred day moving average price of $299.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. As a group, equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott R. Hudson sold 7,510 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the sale, the vice president now owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,235 shares of company stock worth $7,478,224. Company insiders own 1.60% of the company’s stock.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares in the last quarter. MRP Capital Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $28,000. New Age Alpha Advisors LLC lifted its position in shares of Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after buying an additional 49 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock worth $34,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.