Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Cut to $211.00 by Analysts at Keefe, Bruyette & Woods

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) had its price target dropped by Keefe, Bruyette & Woods from $213.00 to $211.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.22% from the stock’s previous close.

Other analysts also recently issued reports about the stock. StockNews.com initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Thursday. They issued a “hold” rating on the stock. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, January 30th. BMO Capital Markets began coverage on shares of Arthur J. Gallagher & Co. in a report on Thursday, January 19th. They set an “outperform” rating and a $211.00 target price for the company. Wells Fargo & Company increased their price target on shares of Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Finally, Piper Sandler lifted their price objective on shares of Arthur J. Gallagher & Co. from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Friday, January 27th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $213.71.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $180.00 on Friday. The business has a fifty day moving average of $190.67 and a 200 day moving average of $187.18. Arthur J. Gallagher & Co. has a 1 year low of $148.24 and a 1 year high of $202.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $38.18 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.04. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Arthur J. Gallagher & Co. had a return on equity of 18.64% and a net margin of 13.08%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 18,700 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $190.66, for a total value of $3,565,342.00. Following the transaction, the vice president now owns 42,231 shares in the company, valued at $8,051,762.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Scott R. Hudson sold 18,700 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $190.66, for a total value of $3,565,342.00. Following the completion of the sale, the vice president now directly owns 42,231 shares in the company, valued at $8,051,762.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Patrick Murphy Gallagher sold 5,051 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $189.34, for a total transaction of $956,356.34. Following the transaction, the vice president now owns 34,134 shares in the company, valued at $6,462,931.56. The disclosure for this sale can be found here. In the last three months, insiders sold 24,933 shares of company stock worth $4,747,098. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth $2,311,000. Belpointe Asset Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 14.2% in the 3rd quarter. Belpointe Asset Management LLC now owns 2,392 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 297 shares during the last quarter. AlphaCrest Capital Management LLC raised its position in shares of Arthur J. Gallagher & Co. by 268.4% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 4,856 shares of the financial services provider’s stock valued at $831,000 after buying an additional 3,538 shares during the period. NuWave Investment Management LLC acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at approximately $274,000. Finally, Wedmont Private Capital acquired a new position in Arthur J. Gallagher & Co. in the third quarter valued at approximately $288,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

(Get Rating)

Arthur J. Gallagher & Co engages in the provision of insurance 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.