Arthur J. Gallagher & Co. (NYSE:AJG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price raised by Keefe, Bruyette & Woods from $295.00 to $308.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 9.46% from the company’s previous close.

AJG has been the topic of several other reports. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. The Goldman Sachs Group cut 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. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price target on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $377.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $307.93.

Arthur J. Gallagher & Co. Trading Down 0.2 %

Shares of Arthur J. Gallagher & Co. stock opened at $340.18 on Wednesday. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $345.43. The stock has a market cap of $86.64 billion, a P/E ratio of 52.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The stock’s 50 day simple moving average is $307.15 and its 200-day simple moving average is $296.62.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,774 shares of the company’s stock, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David S. Johnson sold 325 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the sale, the director now directly owns 44,783 shares in the company, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,725 shares of company stock worth $4,972,964 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Arthur J. Gallagher & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. boosted its holdings in Arthur J. Gallagher & Co. by 16.4% in the third quarter. QRG Capital Management Inc. now owns 10,243 shares of the financial services provider’s stock valued at $2,882,000 after purchasing an additional 1,443 shares in the last quarter. PDS Planning Inc raised its stake in Arthur J. Gallagher & Co. by 7.5% during the 3rd quarter. PDS Planning Inc now owns 875 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 61 shares in the last quarter. Catalina Capital Group LLC boosted its stake in Arthur J. Gallagher & Co. by 3.1% in the third quarter. Catalina Capital Group LLC now owns 3,345 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 102 shares in the last quarter. Forte Capital LLC ADV lifted its holdings in shares of Arthur J. Gallagher & Co. by 2.5% in the 3rd quarter. Forte Capital LLC ADV now owns 3,626 shares of the financial services provider’s stock valued at $1,020,000 after purchasing an additional 87 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after buying an additional 618,362 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

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.