Truist Financial Issues Positive Forecast for Arthur J. Gallagher & Co. (NYSE:AJG) Stock Price

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target increased by equities research analysts at Truist Financial from $275.00 to $290.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price target points to a potential downside of 5.24% from the stock’s current price.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods upgraded Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective for the company. in a research note on Monday, November 25th. Jefferies Financial Group upped their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays upped their target price on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets increased their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $304.93.

Arthur J. Gallagher & Co. Stock Up 2.3 %

NYSE AJG traded up $7.00 during trading hours on Friday, reaching $306.03. 648,103 shares of the company’s stock were exchanged, compared to its average volume of 1,857,728. The company has a market capitalization of $76.45 billion, a price-to-earnings ratio of 58.20 and a beta of 0.76. Arthur J. Gallagher & Co. has a one year low of $227.43 and a one year high of $316.72. The company’s 50-day moving average is $291.70 and its two-hundred day moving average is $288.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.04 EPS for the current fiscal year.

Institutional Trading of Arthur J. Gallagher & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalina Capital Group LLC grew its stake in Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after acquiring an additional 35 shares in the last quarter. W Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 2.4% during the 3rd quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 36 shares during the period. Greenleaf Trust lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.1% in the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock worth $940,000 after buying an additional 36 shares during the period. Miracle Mile Advisors LLC increased its position in Arthur J. Gallagher & Co. by 0.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after purchasing an additional 38 shares during the period. Finally, Covenant Partners LLC grew its stake in Arthur J. Gallagher & Co. by 0.7% in the third quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock valued at $1,499,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other 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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.