Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Raised to $255.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target lifted by Royal Bank of Canada from $240.00 to $255.00 in a research report issued on Thursday, FlyOnTheWall reports. Royal Bank of Canada’s price objective suggests a potential upside of 11.35% from the company’s previous close.

Other equities research analysts have also issued reports about the company. UBS Group upped their price objective on Arthur J. Gallagher & Co. from $212.00 to $220.00 in a research note on Friday, June 16th. Raymond James upped their price objective on Arthur J. Gallagher & Co. from $245.00 to $255.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, August 1st. VNET Group restated a “maintains” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, May 23rd. Argus upped their price objective on Arthur J. Gallagher & Co. from $232.00 to $264.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Finally, Jefferies Financial Group increased their price target on Arthur J. Gallagher & Co. from $238.00 to $245.00 in a research note on Friday, June 16th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $233.46.

Arthur J. Gallagher & Co. Stock Performance

AJG traded up $0.01 during mid-day trading on Thursday, reaching $229.01. 44,521 shares of the company traded hands, compared to its average volume of 835,686. The stock has a market capitalization of $49.35 billion, a P/E ratio of 44.74, a P/E/G ratio of 2.16 and a beta of 0.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $222.30 and its 200-day moving average price is $209.21. Arthur J. Gallagher & Co. has a 52-week low of $167.93 and a 52-week high of $232.41.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.04. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.36 billion. Arthur J. Gallagher & Co. had a net margin of 12.11% and a return on equity of 18.65%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. On average, sell-side analysts expect that Arthur J. Gallagher & Co. will post 8.75 EPS for the current year.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 3,300 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $226.14, for a total transaction of $746,262.00. Following the completion of the transaction, the vice president now owns 10,816 shares of the company’s stock, valued at approximately $2,445,930.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David S. Johnson sold 1,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $216.40, for a total value of $216,400.00. Following the completion of the transaction, the director now owns 46,538 shares of the company’s stock, valued at approximately $10,070,823.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 3,300 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $226.14, for a total transaction of $746,262.00. Following the completion of the transaction, the vice president now directly owns 10,816 shares of the company’s stock, valued at approximately $2,445,930.24. The disclosure for this sale can be found here. Insiders sold 38,888 shares of company stock valued at $8,792,647 in the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. WealthPlan Investment Management LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $28,000. Compagnie Lombard Odier SCmA bought a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $29,000. ZRC Wealth Management LLC bought a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 89.9% in the 2nd quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 62 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth about $30,000. Institutional investors own 81.15% 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 businesses and organizations 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.