Arthur J. Gallagher & Co. (NYSE:AJG) Given New $293.00 Price Target at Piper Sandler

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective boosted by investment analysts at Piper Sandler from $254.00 to $293.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target indicates a potential upside of 6.14% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the company an “underperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group upped their price objective on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a report on Friday, July 26th. BMO Capital Markets lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. TD Cowen increased their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the company an “overweight” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $282.93.

Arthur J. Gallagher & Co. Stock Performance

NYSE:AJG opened at $276.06 on Friday. The firm has a market cap of $60.32 billion, a PE ratio of 55.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. 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 business has a 50 day moving average price of $285.49 and a 200-day moving average price of $262.84. Arthur J. Gallagher & Co. has a fifty-two week low of $218.63 and a fifty-two week high of $301.04.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. Equities research analysts predict that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the completion of the sale, the president now directly owns 329,099 shares in the company, valued at $93,121,853.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $284.06, for a total transaction of $1,799,520.10. Following the transaction, the general counsel now owns 30,053 shares in the company, valued at approximately $8,536,855.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,145 shares of company stock valued at $12,622,660. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AJG. Signaturefd LLC increased its position in Arthur J. Gallagher & Co. by 1.0% in the second quarter. Signaturefd LLC now owns 3,825 shares of the financial services provider’s stock worth $992,000 after buying an additional 39 shares in the last quarter. Trueblood Wealth Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 0.4% during the 2nd quarter. Trueblood Wealth Management LLC now owns 9,290 shares of the financial services provider’s stock valued at $2,409,000 after purchasing an additional 40 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 4.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after buying an additional 44 shares in the last quarter. ERn Financial LLC boosted its holdings in Arthur J. Gallagher & Co. by 1.9% in the 1st quarter. ERn Financial LLC now owns 2,542 shares of the financial services provider’s stock worth $636,000 after buying an additional 47 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Arthur J. Gallagher & Co. by 0.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 6,331 shares of the financial services provider’s stock valued at $1,642,000 after acquiring an additional 48 shares during the period. 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.