Arthur J. Gallagher & Co. (NYSE:AJG) Now Covered by Analysts at The Goldman Sachs Group

Key Points

• Goldman Sachs Group has initiated coverage on Arthur J. Gallagher & Co. with a "buy" rating and a price target of $344, indicating a potential upside of 13.97% from the current price.
• Despite the positive outlook from Goldman Sachs, other analysts have given mixed reviews, with one analyst rating the stock as a "sell" and the average target price being $333.13.
• Arthur J. Gallagher recently reported a quarterly revenue increase of 16% year-over-year but missed earnings expectations with $2.33 EPS, falling short of the $2.36 consensus estimate.

Stock analysts at The Goldman Sachs Group began coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "buy" rating and a $344.00 price target on the financial services provider's stock. The Goldman Sachs Group's target price indicates a potential upside of 13.97% from the company's current price.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Piper Sandler raised their price objective on shares of Arthur J. Gallagher & Co. from $352.00 to $372.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays dropped their price objective on shares of Arthur J. Gallagher & Co. from $346.00 to $327.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Cantor Fitzgerald raised shares of Arthur J. Gallagher & Co. to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Arthur J. Gallagher & Co. from $326.00 to $330.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $333.13.

Arthur J. Gallagher & Co. Stock Down 0.2%

NYSE:AJG traded down $0.74 during trading hours on Wednesday, hitting $301.83. The company's stock had a trading volume of 116,200 shares, compared to its average volume of 1,530,180. The stock has a market capitalization of $77.39 billion, a P/E ratio of 42.95 and a beta of 0.72. The stock has a fifty day moving average of $303.83 and a 200-day moving average of $321.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 52-week low of $274.25 and a 52-week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.20 billion. Arthur J. Gallagher & Co. had a return on equity of 13.17% and a net margin of 14.54%.Arthur J. Gallagher & Co.'s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. On average, equities analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current year.

Institutional Trading of Arthur J. Gallagher & Co.

A number of large investors have recently modified their holdings of the business. Checchi Capital Advisers LLC boosted its position in shares of Arthur J. Gallagher & Co. by 1.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 2,899 shares of the financial services provider's stock valued at $1,001,000 after acquiring an additional 31 shares during the last quarter. Menard Financial Group LLC lifted its position in Arthur J. Gallagher & Co. by 0.8% in the 1st quarter. Menard Financial Group LLC now owns 3,812 shares of the financial services provider's stock worth $1,289,000 after buying an additional 32 shares during the last quarter. Allen Capital Group LLC lifted its position in Arthur J. Gallagher & Co. by 2.1% in the 1st quarter. Allen Capital Group LLC now owns 1,603 shares of the financial services provider's stock worth $553,000 after buying an additional 33 shares during the last quarter. City Holding Co. lifted its position in Arthur J. Gallagher & Co. by 3.1% in the 1st quarter. City Holding Co. now owns 1,140 shares of the financial services provider's stock worth $394,000 after buying an additional 34 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in Arthur J. Gallagher & Co. by 34.3% in the 1st quarter. CVA Family Office LLC now owns 133 shares of the financial services provider's stock worth $46,000 after buying an additional 34 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.

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