Arthur J. Gallagher & Co. (NYSE:AJG) Earns Neutral Rating from Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

AJG has been the subject of a number of other reports. William Blair reiterated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, January 27th. Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 12th. Raymond James upped their price objective on Arthur J. Gallagher & Co. from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 21st. Royal Bank of Canada reduced their price objective on Arthur J. Gallagher & Co. from $170.00 to $160.00 in a research note on Friday, January 28th. Finally, Truist Financial increased their price target on Arthur J. Gallagher & Co. from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $172.17.

AJG stock opened at $180.61 on Monday. The stock has a market capitalization of $37.86 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71. Arthur J. Gallagher & Co. has a 12-month low of $133.44 and a 12-month high of $184.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $164.27 and its 200 day simple moving average is $162.88.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last announced its earnings results on Thursday, January 27th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. Arthur J. Gallagher & Co. had a net margin of 11.10% and a return on equity of 14.07%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, research analysts predict that Arthur J. Gallagher & Co. will post 7.7 earnings per share for the current year.

In other news, VP Scott R. Hudson sold 42,600 shares of the business’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $158.03, for a total transaction of $6,732,078.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Joseph Gallagher sold 36,800 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $153.24, for a total transaction of $5,639,232.00. The disclosure for this sale can be found here. Insiders sold 131,217 shares of company stock valued at $20,447,149 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Evoke Wealth LLC boosted its position in Arthur J. Gallagher & Co. by 394.7% during the fourth quarter. Evoke Wealth LLC now owns 188 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Jackson Wealth Management LLC boosted its position in Arthur J. Gallagher & Co. by 0.8% during the third quarter. Jackson Wealth Management LLC now owns 33,254 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 269 shares during the last quarter. Country Trust Bank acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $51,000. Finally, Covestor Ltd acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $52,000. 80.78% of the stock is owned by institutional investors and hedge funds.

About Arthur J. Gallagher & Co. (Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

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