Arthur J. Gallagher & Co. (NYSE:AJG) Now Covered by Analysts at Redburn Atlantic

Stock analysts at Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $352.00 price target on the financial services provider’s stock. Redburn Atlantic’s target price indicates a potential upside of 4.11% from the stock’s previous close.

Several other research analysts have also weighed in on AJG. Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a report on Monday, November 25th. Wells Fargo & Company lifted their target price on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday. 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. Finally, TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $313.20.

Arthur J. Gallagher & Co. Stock Up 1.9 %

Shares of Arthur J. Gallagher & Co. stock opened at $338.10 on Tuesday. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $345.43. The company has a market capitalization of $86.11 billion, a PE ratio of 51.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50-day moving average of $318.01 and a 200-day moving average of $299.81.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

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

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,235 shares of company stock worth $7,478,224. 1.60% of the stock is owned by company insiders.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AJG. Valley National Advisers Inc. bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth $25,000. Pin Oak Investment Advisors Inc. raised its position in Arthur J. Gallagher & Co. by 543.8% in the third 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 in the last quarter. MRP Capital Investments LLC acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC boosted its position 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 valued at $31,000 after purchasing an additional 49 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 205.4% in the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 76 shares during the last quarter. 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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.