Arthur J. Gallagher & Co. (NYSE:AJG) Stock Moved Down to “Market Perform” by BMO Capital Markets

Arthur J. Gallagher & Co. (NYSE:AJG) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, MarketBeat reports. They currently have a $295.00 price objective on the financial services provider’s stock. BMO Capital Markets‘s price target points to a potential upside of 5.65% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Argus increased their price target on Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Barclays boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $296.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Friday. Piper Sandler reiterated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, September 24th. Finally, Evercore increased their target price on Arthur J. Gallagher & Co. from $295.00 to $307.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $290.79.

Arthur J. Gallagher & Co. Trading Up 1.1%

AJG stock opened at $279.22 on Tuesday. The company’s 50-day simple moving average is $248.73 and its 200-day simple moving average is $232.66. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $281.53. The firm has a market cap of $71.56 billion, a P/E ratio of 42.69, a PEG ratio of 1.49 and a beta of 0.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, October 29th. The financial services provider reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm earned $2.32 EPS. The company’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities analysts forecast that Arthur J. Gallagher & Co. will post 13.15 EPS for the current fiscal year.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total transaction of $252,860.00. Following the completion of the sale, the chief accounting officer directly owned 46,819 shares in the company, valued at approximately $11,838,652.34. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total value of $3,169,560.00. Following the sale, the vice president owned 90,262 shares of the company’s stock, valued at approximately $23,840,902.06. This trade represents a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 28,500 shares of company stock valued at $7,562,950. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Arthur J. Gallagher & Co.

A number of institutional investors have recently made changes to their positions in AJG. United Advisor Group LLC purchased a new position in Arthur J. Gallagher & Co. in the 3rd quarter valued at $217,000. Heritage Family Offices LLP acquired a new stake in Arthur J. Gallagher & Co. during the 3rd quarter worth $151,000. Calamos Advisors LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 2.1% during the third quarter. Calamos Advisors LLC now owns 85,701 shares of the financial services provider’s stock worth $19,549,000 after buying an additional 1,727 shares in the last quarter. Alta Advisers Ltd grew its holdings in shares of Arthur J. Gallagher & Co. by 96.2% during the third quarter. Alta Advisers Ltd now owns 1,919 shares of the financial services provider’s stock worth $438,000 after buying an additional 941 shares in the last quarter. Finally, Principle Wealth Partners LLC raised its position in shares of Arthur J. Gallagher & Co. by 343.6% in the third quarter. Principle Wealth Partners LLC now owns 5,274 shares of the financial services provider’s stock valued at $1,203,000 after buying an additional 4,085 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Key Arthur J. Gallagher & Co. News

Here are the key news stories impacting Arthur J. Gallagher & Co. this week:

• Positive Sentiment: UBS raised its price target from $299 to $320 and maintained a “Buy” rating. The new target implies approximately 14.6% upside, signaling confidence in Gallagher’s earnings growth and business momentum. UBS raises Arthur J. Gallagher price target
• Positive Sentiment: Wells Fargo increased its target from $284 to $312 and retained an “Overweight” rating. The higher target reflects an expectation that AJG can continue benefiting from revenue growth and favorable insurance-market conditions. Wells Fargo raises Arthur J. Gallagher price target
• Positive Sentiment: Barclays reaffirmed its “Buy” rating, adding to the broadly constructive analyst view. AJG also recently reached a new 52-week high after reporting strong earnings. Barclays reaffirms Buy rating
• Neutral Sentiment: Additional analyst actions raised price targets to $275 and $302, showing continued reassessment of AJG’s valuation after its earnings report. However, the $275 target is below the current trading level. Arthur J. Gallagher $275 price target Arthur J. Gallagher $302 price target
• Negative Sentiment: Citigroup downgraded AJG from “Buy” to “Neutral.” Although Citi raised its price target from $285 to $300, the downgrade indicates that the stock’s recent rally may have reduced its risk-adjusted upside. Citigroup downgrades Arthur J. Gallagher

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.