Wells Fargo & Company Lowers Arthur J. Gallagher & Co. (NYSE:AJG) Price Target to $266.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective dropped by stock analysts at Wells Fargo & Company from $273.00 to $266.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 21.15% from the company’s current price.

A number of other research analysts have also recently commented on AJG. Citigroup increased their target price on shares of Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. UBS Group dropped their target price on shares of Arthur J. Gallagher & Co. from $285.00 to $283.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Wolfe Research set a $289.00 target price on shares of Arthur J. Gallagher & Co. and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Keefe, Bruyette & Woods dropped their target price on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Truist Financial dropped their target price on shares of Arthur J. Gallagher & Co. from $271.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, March 18th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.00.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG traded down $1.23 on Thursday, hitting $219.57. 118,652 shares of the stock were exchanged, compared to its average volume of 2,373,159. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day moving average is $219.88 and its 200 day moving average is $249.69. Arthur J. Gallagher & Co. has a 52 week low of $195.00 and a 52 week high of $351.23. The company has a market capitalization of $56.45 billion, a PE ratio of 35.68, a P/E/G ratio of 1.08 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. Arthur J. Gallagher & Co. had a net margin of 11.84% and a return on equity of 12.13%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm posted $1.12 earnings per share. The company’s quarterly revenue was up 33.9% compared to the same quarter last year. Research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the sale, the vice president owned 19,306 shares of the company’s stock, valued at $4,384,778.72. This trade represents a 17.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Scott R. Hudson sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $227.57, for a total transaction of $864,766.00. Following the sale, the vice president directly owned 85,920 shares of the company’s stock, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Arthur J. Gallagher & Co.

Several large investors have recently modified their holdings of the stock. CX Institutional grew its position in shares of Arthur J. Gallagher & Co. by 2.1% during the 3rd quarter. CX Institutional now owns 1,782 shares of the financial services provider’s stock worth $552,000 after buying an additional 36 shares during the period. D.A. Davidson & CO. grew its position in shares of Arthur J. Gallagher & Co. by 1.3% during the 3rd quarter. D.A. Davidson & CO. now owns 2,930 shares of the financial services provider’s stock worth $908,000 after buying an additional 38 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of Arthur J. Gallagher & Co. by 1.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,958 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 38 shares during the period. Central Pacific Bank Trust Division grew its position in shares of Arthur J. Gallagher & Co. by 40.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock worth $42,000 after buying an additional 39 shares during the period. Finally, Syntegra Private Wealth Group LLC grew its position in shares of Arthur J. Gallagher & Co. by 3.3% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,248 shares of the financial services provider’s stock worth $387,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.