Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Increased to $301.00 by Analysts at Wells Fargo & Company

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective raised by investment analysts at Wells Fargo & Company from $282.00 to $301.00 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 points to a potential upside of 9.87% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Bank of America upped their target price on Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a report on Wednesday, May 22nd. Argus increased their price target on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Truist Financial reiterated a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. TD Cowen increased their price target on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their target price on Arthur J. Gallagher & Co. from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $267.25.

Arthur J. Gallagher & Co. Stock Down 0.1 %

NYSE AJG opened at $273.97 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The business has a fifty day moving average price of $260.82 and a 200 day moving average price of $248.07. The company has a market cap of $59.86 billion, a P/E ratio of 55.46, a P/E/G ratio of 2.45 and a beta of 0.72. Arthur J. Gallagher & Co. has a one year low of $214.13 and a one year high of $277.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. The company 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 18.94% and a net margin of 10.27%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.1 EPS for the current fiscal year.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, General Counsel Walter D. Bay sold 8,717 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $257.00, for a total transaction of $2,240,269.00. Following the sale, the general counsel now owns 44,691 shares of the company’s stock, valued at approximately $11,485,587. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $263.45, for a total transaction of $2,634,500.00. Following the transaction, the vice president now owns 93,730 shares of the company’s stock, valued at $24,693,168.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Walter D. Bay sold 8,717 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $257.00, for a total value of $2,240,269.00. Following the transaction, the general counsel now directly owns 44,691 shares in the company, valued at approximately $11,485,587. The disclosure for this sale can be found here. Insiders have sold 53,165 shares of company stock valued at $13,629,049 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $27,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $31,000. Ruedi Wealth Management Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $33,000. Finally, Security National Bank acquired a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds 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.