Wells Fargo & Company Forecasts Strong Price Appreciation for Arthur J. Gallagher & Co. (NYSE:AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target hoisted by research analysts at Wells Fargo & Company from $341.00 to $370.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.50% from the company’s current price.

A number of other research analysts also recently issued reports on AJG. Keefe, Bruyette & Woods boosted their price objective on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Truist Financial boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a research note on Monday, November 25th. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and an average target price of $310.43.

Arthur J. Gallagher & Co. Trading Up 2.5 %

NYSE AJG opened at $334.85 on Friday. The business’s 50-day moving average price is $316.04 and its two-hundred day moving average price is $299.19. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43. The firm has a market capitalization of $85.29 billion, a PE ratio of 51.36 and a beta of 0.75. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. On average, analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director David S. Johnson sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now directly owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $302.61, for a total value of $877,569.00. Following the completion of the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock valued at $4,972,964 over the last ninety days. 1.60% of the stock is currently owned by insiders.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Arthur J. Gallagher & Co. by 23.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 68,124 shares of the financial services provider’s stock valued at $19,337,000 after purchasing an additional 12,730 shares during the period. IronOak Wealth LLC. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $548,000. TFR Capital LLC. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $770,000. REAP Financial Group LLC grew its holdings in Arthur J. Gallagher & Co. by 50.0% during the fourth quarter. REAP Financial Group LLC now owns 213 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 71 shares during the period. Finally, Jefferies Financial Group Inc. grew its holdings in Arthur J. Gallagher & Co. by 473.6% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,770 shares of the financial services provider’s stock valued at $1,638,000 after purchasing an additional 4,764 shares during the period. 85.53% of the stock is owned by institutional investors.

About Arthur J. Gallagher & Co.

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