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

Analysts at Redburn Atlantic assumed coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $352.00 price target on the financial services provider’s stock. Redburn Atlantic’s price objective would indicate a potential upside of 4.11% from the stock’s previous close.

Several other analysts also recently issued reports on AJG. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research note on Monday, November 25th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial raised their price target 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. Finally, 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 research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $313.20.

Arthur J. Gallagher & Co. Trading Up 1.9 %

Shares of NYSE AJG opened at $338.10 on Tuesday. The business has a fifty day simple moving average of $318.01 and a 200-day simple moving average of $299.81. The company has a market cap of $86.11 billion, a price-to-earnings ratio of 51.86 and a beta of 0.75. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43. 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 announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts predict 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, VP Scott R. Hudson sold 7,510 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the transaction, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This trade represents a 7.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the sale, the chief accounting officer now owns 69,774 shares of the company’s stock, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,235 shares of company stock worth $7,478,224 over the last three months. Corporate insiders own 1.60% of the company’s stock.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $25,000. MRP Capital Investments LLC acquired a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 87 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 49 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its position in shares of Arthur J. Gallagher & Co. by 205.4% during 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 during the period. Institutional investors own 85.53% of the company’s stock.

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.