Arthur J. Gallagher & Co. (NYSE:AJG) Rating Reiterated by Truist Financial

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Truist Financial in a research note issued on Wednesday, MarketBeat reports. They presently have a $255.00 target price on the financial services provider's stock, down from their prior target price of $280.00. Truist Financial's price objective suggests a potential upside of 6.24% from the company's current price.

Several other equities analysts have also recently issued reports on the stock. TD Cowen lifted their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Jefferies Financial Group cut Arthur J. Gallagher & Co. from a "buy" rating to a "hold" rating and dropped their price target for the company from $279.00 to $233.00 in a report on Tuesday, January 9th. Raymond James lowered Arthur J. Gallagher & Co. from a "strong-buy" rating to a "market perform" rating in a research note on Tuesday, December 12th. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an "underperform" rating for the company in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has a consensus rating of "Hold" and an average target price of $255.23.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG traded down $4.11 during midday trading on Wednesday, hitting $240.02. 1,003,935 shares of the stock were exchanged, compared to its average volume of 876,010. The business has a 50-day moving average price of $244.58 and a two-hundred day moving average price of $238.55. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $52.40 billion, a price-to-earnings ratio of 54.06, a P/E/G ratio of 2.34 and a beta of 0.68. Arthur J. Gallagher & Co. has a one year low of $194.98 and a one year high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.40 billion. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Sell-side analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now owns 322,797 shares of the company's stock, valued at approximately $76,712,707.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now owns 45,038 shares in the company, valued at approximately $10,540,693.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the completion of the sale, the vice president now directly owns 322,797 shares of the company's stock, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,016 shares of company stock worth $7,176,180. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

Institutional investors have recently bought and sold shares of the stock. Beaird Harris Wealth Management LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 175.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider's stock worth $26,000 after buying an additional 72 shares during the period. Richardson Financial Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the third quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider's stock worth $29,000 after purchasing an additional 106 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at approximately $30,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.