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

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target upped by research analysts at Wells Fargo & Company from $370.00 to $372.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 13.05% from the stock’s current price.

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

Arthur J. Gallagher & Co. Stock Up 1.6 %

Shares of AJG stock traded up $5.24 during trading on Thursday, reaching $329.06. The company’s stock had a trading volume of 750,800 shares, compared to its average volume of 1,252,320. The company has a market cap of $84.15 billion, a price-to-earnings ratio of 50.53 and a beta of 0.64. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $350.70. The business has a fifty day moving average price of $328.30 and a 200-day moving average price of $303.46. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS 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%. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Insider Activity at Arthur J. Gallagher & Co.

In other 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 transaction of $877,569.00. Following the completion of the sale, the vice president now directly owns 14,674 shares in the company, valued at $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Richard C. Cary sold 10,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. The trade was a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,235 shares of company stock valued at $7,478,224 in the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

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

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.