Arthur J. Gallagher & Co. (NYSE:AJG) Given Buy Rating at Truist Financial

Arthur J. Gallagher & Co. (NYSE:AJG)‘s stock had its “buy” rating reissued by analysts at Truist Financial in a research report issued on Tuesday, Benzinga reports. They presently have a $280.00 price target on the financial services provider’s stock. Truist Financial’s target price suggests a potential upside of 13.00% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $279.00 to $233.00 in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods cut their target price on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an “underperform” rating for the company in a research note on Friday, January 26th. Royal Bank of Canada increased their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Raymond James cut Arthur J. Gallagher & Co. from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, December 12th. Finally, TD Cowen assumed coverage on Arthur J. Gallagher & Co. in a report on Wednesday, January 10th. They issued a “market perform” rating and a $249.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $255.77.

Arthur J. Gallagher & Co. Stock Up 0.6 %

AJG opened at $247.79 on Tuesday. The business has a 50 day moving average price of $242.38 and a two-hundred day moving average price of $237.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The company has a market cap of $54.09 billion, a PE ratio of 55.81, a P/E/G ratio of 2.35 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52 week low of $185.43 and a 52 week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same period in the prior year, the business posted $1.54 EPS. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.09 EPS for the current year.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Scott R. Hudson sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the sale, the vice president now owns 96,709 shares in the company, valued at $24,666,597.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total value of $117,020.00. Following the sale, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock worth $7,176,180 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AJG. U.S. Capital Wealth Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 7.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock worth $225,000 after buying an additional 90 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Arthur J. Gallagher & Co. by 49.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock worth $925,000 after buying an additional 1,744 shares during the period. Prudential PLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth $838,000. Sequoia Financial Advisors LLC raised its position in Arthur J. Gallagher & Co. by 37.7% in the first quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 693 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in Arthur J. Gallagher & Co. by 25.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 2,235 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Company Profile

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.