Arthur J. Gallagher & Co. (NYSE:AJG) Stock Rating Reaffirmed by VNET Group

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating)‘s stock had its “maintains” rating reiterated by VNET Group in a research report issued to clients and investors on Tuesday, Benzinga reports.

Several other brokerages also recently weighed in on AJG. Argus boosted their target price on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research note on Monday, May 1st. Truist Financial boosted their target price on shares of 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. Raymond James boosted their target price on shares of Arthur J. Gallagher & Co. from $215.00 to $240.00 in a research note on Monday, May 1st. StockNews.com began coverage on shares of Arthur J. Gallagher & Co. in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $225.00 to $230.00 in a research note on Friday, April 28th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.71.

Arthur J. Gallagher & Co. Price Performance

AJG stock traded down $0.51 during trading on Tuesday, hitting $203.81. The stock had a trading volume of 632,873 shares, compared to its average volume of 893,565. The company’s 50 day moving average price is $202.48 and its two-hundred day moving average price is $195.22. Arthur J. Gallagher & Co. has a 1-year low of $148.24 and a 1-year high of $219.23. The stock has a market cap of $43.67 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.06 and a current ratio of 1.06.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 18,700 shares of the company’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 completion of the transaction, the vice president now owns 42,231 shares in the company, valued at approximately $8,051,762.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Susan E. Pietrucha sold 57,419 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $211.21, for a total transaction of $12,127,466.99. Following the completion of the transaction, the insider now directly owns 5 shares in the company, valued at approximately $1,056.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Scott R. Hudson sold 18,700 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 42,231 shares of the company’s stock, valued at $8,051,762.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,354 shares of company stock worth $25,882,434. 1.60% of the stock is currently owned by company insiders.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 7.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 90 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Arthur J. Gallagher & Co. by 49.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock valued at $925,000 after acquiring an additional 1,744 shares in the last quarter. Prudential PLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at approximately $838,000. Sequoia Financial Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 37.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 693 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Arthur J. Gallagher & Co. by 25.0% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock valued at $1,953,000 after acquiring an additional 2,235 shares in the last quarter. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

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. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.