Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Raised to $295.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target boosted by analysts at Keefe, Bruyette & Woods from $286.00 to $295.00 in a report released on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 3.04% from the stock’s previous close.

A number of other research firms have also recently commented on AJG. Royal Bank of Canada boosted their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th. Truist Financial upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Company cut their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $307.00.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE AJG traded up $5.22 during mid-day trading on Friday, reaching $304.25. The company had a trading volume of 971,941 shares, compared to its average volume of 1,874,263. Arthur J. Gallagher & Co. has a one year low of $227.43 and a one year high of $316.72. The business’s 50-day simple moving average is $291.70 and its 200 day simple moving average is $288.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $76.00 billion, a price-to-earnings ratio of 58.03 and a beta of 0.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results 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 10.40% and a return on equity of 19.12%. On average, research analysts predict that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Arthur J. Gallagher & Co. by 126.2% in the fourth quarter. Principal Financial Group Inc. now owns 2,003,237 shares of the financial services provider’s stock valued at $568,619,000 after buying an additional 1,117,441 shares during the period. FMR LLC lifted its position in shares of Arthur J. Gallagher & Co. by 4.9% during the 3rd quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after acquiring an additional 580,134 shares during the period. Assenagon Asset Management S.A. boosted its stake in Arthur J. Gallagher & Co. by 6,581.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 437,464 shares of the financial services provider’s stock worth $124,174,000 after acquiring an additional 430,917 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Arthur J. Gallagher & Co. by 13.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,196,992 shares of the financial services provider’s stock worth $899,538,000 after purchasing an additional 383,130 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Arthur J. Gallagher & Co. by 431.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 323,880 shares of the financial services provider’s stock valued at $91,130,000 after purchasing an additional 262,987 shares during the period. Institutional investors own 85.53% of the company’s stock.

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.