Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $273.00 at TD Cowen

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) had its target price increased by research analysts at TD Cowen from $249.00 to $273.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price points to a potential upside of 11.28% from the company’s current price.

Several other research firms have also issued reports on AJG. Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Truist Financial reaffirmed a “buy” rating and set a $280.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 26th. Raymond James downgraded shares of Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating on the stock in a research report on Friday, January 26th. Finally, Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and reduced their price target for the company from $279.00 to $233.00 in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Hold” and an average target price of $257.62.

Get Our Latest Research Report on AJG

Arthur J. Gallagher & Co. Stock Down 0.0 %

Arthur J. Gallagher & Co. stock opened at $245.33 on Tuesday. The stock has a market cap of $53.56 billion, a P/E ratio of 55.50, a P/E/G ratio of 2.37 and a beta of 0.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Arthur J. Gallagher & Co. has a twelve month low of $191.91 and a twelve month high of $256.10. The company’s 50-day moving average price is $243.44 and its two-hundred day moving average price is $238.20.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business posted $1.54 EPS. As a group, analysts expect that Arthur J. Gallagher & Co. will post 10.07 EPS for the current year.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the transaction, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,016 shares of company stock worth $7,176,180. Corporate insiders own 1.60% of the company’s stock.

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

Institutional investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC increased its position in Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 72 shares during the period. Richardson Financial Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. increased its holdings in Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth $30,000. Institutional investors own 85.53% of the company’s stock.

About Arthur J. Gallagher & Co.

(Get Free Report)

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.

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Analyst Recommendations for Arthur J. Gallagher & Co. (NYSE:AJG)

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