Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Raised to $372.00 at Wells Fargo & Company

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective lifted by investment analysts at Wells Fargo & Company from $370.00 to $372.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 13.05% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Royal Bank of Canada increased their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price target for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price objective on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday, March 21st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Finally, Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $313.33.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG traded up $5.24 during mid-day trading on Thursday, reaching $329.06. 750,800 shares of the company’s stock were exchanged, compared to its average volume of 1,252,320. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $84.15 billion, a price-to-earnings ratio of 50.53 and a beta of 0.64. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $350.70. The firm has a 50-day moving average price of $328.30 and a two-hundred day moving average price of $303.46.

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

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now owns 90,020 shares of the company’s stock, valued at approximately $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock worth $7,478,224 over the last three months. 1.60% of the stock is currently owned by company insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth $25,000. MRP Capital Investments LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth about $28,000. New Age Alpha Advisors LLC raised its position in shares of Arthur J. Gallagher & Co. by 81.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 76 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $35,000. 85.53% of the stock is owned by hedge funds and other 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.