Arthur J Gallagher & Co (NYSE:AJG) has been assigned a $74.00 price target by research analysts at Wells Fargo & Company in a report issued on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s price objective points to a potential upside of 15.25% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group raised their price objective on Arthur J Gallagher & Co from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Finally, Barclays raised their price objective on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.00.
Arthur J Gallagher & Co (AJG) opened at $64.21 on Wednesday. Arthur J Gallagher & Co has a 1-year low of $51.58 and a 1-year high of $67.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $11,643.46, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.
In related news, Director Frank E. Jr. English sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total transaction of $95,505.00. Following the sale, the director now owns 10,600 shares of the company’s stock, valued at approximately $674,902. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the sale, the vice president now directly owns 25,027 shares in the company, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC grew its holdings in Arthur J Gallagher & Co by 785.9% during the 2nd quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock valued at $135,269,000 after buying an additional 2,096,062 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Arthur J Gallagher & Co by 8,471.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock valued at $106,081,000 after buying an additional 1,831,326 shares in the last quarter. American Century Companies Inc. grew its holdings in Arthur J Gallagher & Co by 4,730.8% during the 2nd quarter. American Century Companies Inc. now owns 1,550,935 shares of the financial services provider’s stock valued at $88,791,000 after buying an additional 1,518,830 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Arthur J Gallagher & Co by 97.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock valued at $71,132,000 after buying an additional 614,788 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Arthur J Gallagher & Co by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after buying an additional 571,235 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.
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About Arthur J Gallagher & Co
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.
