Arthur J. Gallagher & Co. (NYSE:AJG) Stock Price Target Raised at Wells Fargo & Company

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective increased by Wells Fargo & Company from $284.00 to $312.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 12.86% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on AJG. Piper Sandler reiterated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, September 24th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday. Cantor Fitzgerald cut their price objective on Arthur J. Gallagher & Co. from $300.00 to $280.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Barclays lifted their target price on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Finally, Mizuho boosted their target price on Arthur J. Gallagher & Co. from $271.00 to $302.00 and gave the stock an “outperform” rating in a report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $288.79.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock opened at $276.46 on Monday. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $277.45. The company’s fifty day simple moving average is $248.41 and its 200-day simple moving average is $232.55. The firm has a market cap of $70.86 billion, a PE ratio of 42.27, a P/E/G ratio of 1.58 and a beta of 0.47. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.01. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.98 billion. Arthur J. Gallagher & Co. had a net margin of 10.39% and a return on equity of 13.90%. The company’s revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 EPS. Equities research analysts expect that Arthur J. Gallagher & Co. will post 13.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arthur J. Gallagher & Co. news, VP Scott Hudson sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the completion of the transaction, the vice president owned 90,262 shares of the company’s stock, valued at approximately $23,840,902.06. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard Cary sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $252.86, for a total value of $252,860.00. Following the sale, the chief accounting officer directly owned 46,819 shares in the company, valued at $11,838,652.34. The trade was a 2.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 28,500 shares of company stock worth $7,562,950. 1.40% of the stock is currently owned by company insiders.

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

Several large investors have recently bought and sold shares of the stock. Axiom Investment Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the 1st quarter worth about $28,000. Triumph Capital Management increased its position in Arthur J. Gallagher & Co. by 4,000.0% in the third quarter. Triumph Capital Management now owns 123 shares of the financial services provider’s stock worth $28,000 after buying an additional 120 shares during the last quarter. NFSG Corp lifted its position in shares of Arthur J. Gallagher & Co. by 4,033.3% during the 3rd quarter. NFSG Corp now owns 124 shares of the financial services provider’s stock valued at $28,000 after buying an additional 121 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth about $29,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in Arthur J. Gallagher & Co. by 57.4% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 54 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.

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.