Arthur J. Gallagher & Co. (NYSE:AJG) Coverage Initiated by Analysts at BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The firm set an “outperform” rating and a $211.00 price target on the financial services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 8.82% from the stock’s previous close.

AJG has been the topic of a number of other research reports. Keefe, Bruyette & Woods lowered shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and set a $210.00 price target on the stock. in a research note on Wednesday. Morgan Stanley cut their price target on shares of Arthur J. Gallagher & Co. from $215.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 22nd. UBS Group lifted their price target on shares of Arthur J. Gallagher & Co. to $197.00 in a research note on Friday, November 4th. Citigroup assumed coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, December 14th. They issued a “buy” rating and a $225.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of Arthur J. Gallagher & Co. from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $208.21.

Arthur J. Gallagher & Co. Stock Up 1.6 %

Arthur J. Gallagher & Co. stock opened at $193.90 on Thursday. The company’s 50 day simple moving average is $192.45 and its 200 day simple moving average is $183.54. Arthur J. Gallagher & Co. has a fifty-two week low of $147.32 and a fifty-two week high of $201.51. The firm has a market capitalization of $40.88 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.25 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.05. Arthur J. Gallagher & Co. had a net margin of 12.86% and a return on equity of 17.56%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm earned $1.33 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 7.74 EPS for the current year.

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

In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 10,000 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $192.72, for a total value of $1,927,200.00. Following the transaction, the vice president now directly owns 111,087 shares in the company, valued at $21,408,686.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director William L. Bax sold 350 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $189.30, for a total value of $66,255.00. Following the completion of the sale, the director now owns 45,405 shares of the company’s stock, valued at $8,595,166.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joel D. Cavaness sold 10,000 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $192.72, for a total transaction of $1,927,200.00. Following the completion of the sale, the vice president now directly owns 111,087 shares of the company’s stock, valued at approximately $21,408,686.64. The disclosure for this sale can be found here. Insiders have sold a total of 37,555 shares of company stock worth $7,355,347 over the last ninety days. Insiders own 1.40% of the company’s stock.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its position in Arthur J. Gallagher & Co. by 21.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,721 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 300 shares during the period. Everett Harris & Co. CA bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter worth about $338,000. Veriti Management LLC lifted its position in Arthur J. Gallagher & Co. by 9.5% during the fourth quarter. Veriti Management LLC now owns 2,998 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 260 shares during the period. HB Wealth Management LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $652,000. Finally, Affiance Financial LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $32,000. Institutional investors own 82.07% of the company’s stock.

About Arthur J. Gallagher & Co.

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Arthur J. Gallagher & Co engages in the provision of insurance brokerage, consulting, and third-party claims settlement and administration services to both domestic and international entities. It operates through the following business segments: Brokerage, Risk Management and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.