Arthur J Gallagher & Co (NYSE:AJG) has been assigned a $74.00 price target by equities research analysts at Wells Fargo & Company in a research report issued on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s target price suggests a potential upside of 15.66% from the stock’s previous close.
Several other analysts also recently weighed in on AJG. Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, August 18th. Zacks Investment Research downgraded Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Royal Bank of Canada restated a “hold” rating and set a $64.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Barclays upped their price objective on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Finally, Deutsche Bank downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $66.00.
Shares of Arthur J Gallagher & Co (NYSE:AJG) opened at $63.98 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. Arthur J Gallagher & Co has a 1 year low of $50.86 and a 1 year high of $67.32. The firm has a market capitalization of $11,567.52, a price-to-earnings ratio of 22.06, a PEG ratio of 2.15 and a beta of 1.23.
In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 1,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the transaction, the director now owns 10,600 shares of the company’s stock, valued at approximately $674,902. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Scott R. Hudson sold 7,600 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Invictus RG acquired a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at about $130,000. Pacer Advisors Inc. increased its stake in shares of Arthur J Gallagher & Co by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after buying an additional 261 shares during the period. Eagle Boston Investment Management Inc. acquired a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at about $201,000. Coldstream Capital Management Inc. acquired a new stake in shares of Arthur J Gallagher & Co in the second quarter valued at about $202,000. Finally, Doyle Wealth Management acquired a new stake in shares of Arthur J Gallagher & Co in the third quarter valued at about $203,000. 82.55% of the stock is owned by institutional investors and hedge funds.
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Arthur J Gallagher & Co Company Profile
Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.
