Wells Fargo & Company Increases Arthur J. Gallagher & Co. (NYSE:AJG) Price Target to $370.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target upped by research analysts at Wells Fargo & Company from $341.00 to $370.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 11.44% from the stock’s previous close.

Several other analysts have also recently commented on AJG. Royal Bank of Canada raised their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Piper Sandler upgraded 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 report on Wednesday, January 8th. Barclays lifted their target price on shares of 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. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $310.43.

Arthur J. Gallagher & Co. Stock Down 0.7 %

Arthur J. Gallagher & Co. stock opened at $332.02 on Friday. 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 company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $316.96 and its two-hundred day moving average price is $299.50. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $345.43.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of Arthur J. Gallagher & Co. stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total transaction of $877,569.00. Following the sale, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Scott R. Hudson sold 7,510 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,235 shares of company stock valued at $7,478,224. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

A number of institutional investors have recently bought and sold shares of the business. Allred Capital Management LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 34 shares in the last quarter. Catalina Capital Group LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 35 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 36 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 3.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 36 shares in the last quarter. Finally, Brendel Financial Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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