Barclays Forecasts Strong Price Appreciation for Arthur J. Gallagher & Co. (NYSE:AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target raised by research analysts at Barclays from $308.00 to $346.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 3.41% from the stock’s current price.

Several other research firms also recently weighed in on AJG. 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 report on Friday, January 31st. Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Royal Bank of Canada lifted their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods upped 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 report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $315.27.

Arthur J. Gallagher & Co. Stock Up 2.7 %

Shares of AJG opened at $334.60 on Friday. The company has a market capitalization of $85.57 billion, a PE ratio of 51.32 and a beta of 0.64. The stock’s 50-day moving average price is $329.06 and its two-hundred day moving average price is $304.16. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $350.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its 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 return on equity of 16.47% and a net margin of 12.70%. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was 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 of the company’s stock, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David S. Johnson sold 325 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the completion of the sale, the director now owns 44,783 shares in the company, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

Several institutional investors and hedge funds have recently modified their holdings of AJG. Allred Capital Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider’s stock valued at $960,000 after acquiring an additional 34 shares during the last quarter. Catalina Capital Group LLC increased its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 35 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock worth $940,000 after acquiring an additional 36 shares during the period. HBK Sorce Advisory LLC boosted its position in shares of Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 36 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.5% in the first quarter. RFG Advisory LLC now owns 7,195 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 36 shares in the last quarter. 85.53% of the stock is currently 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.