Barclays Issues Positive Forecast for Arthur J. Gallagher & Co. (NYSE:AJG) Stock Price

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price increased by stock analysts at Barclays from $308.00 to $346.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 3.49% from the company’s current price.

Other analysts have also issued reports about the stock. Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 25th. They issued a “neutral” rating and a $352.00 price target on the stock. Truist Financial increased their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target 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, March 21st. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have given 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 a consensus price target of $315.27.

Arthur J. Gallagher & Co. Stock Up 2.6 %

Shares of Arthur J. Gallagher & Co. stock traded up $8.61 during midday trading on Friday, reaching $334.33. 592,468 shares of the company’s stock traded hands, compared to its average volume of 1,253,704. The company has a market cap of $85.50 billion, a price-to-earnings ratio of 51.25 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 company’s 50 day simple moving average is $328.63 and its 200 day simple moving average is $303.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Equities analysts expect that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 2,900 shares of the stock in a transaction 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 sale, the vice president now owns 14,674 shares in the company, valued at $4,440,499.14. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 7,510 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the transaction, the vice president now directly owns 90,020 shares in the company, valued at approximately $30,029,771.80. This trade represents a 7.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock worth $7,478,224 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AJG. XTX Topco Ltd acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter worth approximately $447,000. Tudor Financial Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth $401,000. Pine Valley Investments Ltd Liability Co boosted its position in shares of Arthur J. Gallagher & Co. by 2.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 9,789 shares of the financial services provider’s stock valued at $2,754,000 after acquiring an additional 272 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Arthur J. Gallagher & Co. by 195.5% in the third quarter. Sanctuary Advisors LLC now owns 53,124 shares of the financial services provider’s stock valued at $16,165,000 after acquiring an additional 35,148 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the third quarter worth about $22,538,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Company Profile

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.