Royal Bank Of Canada Begins Coverage on Arthur J. Gallagher & Co. (NYSE:AJG)

Equities research analysts at Royal Bank Of Canada assumed coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a note issued to investors on Tuesday. The firm set an “outperform” rating and a $260.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 22.69% from the stock’s current price.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group restated a “buy” rating and set a $292.00 target price on shares of Arthur J. Gallagher & Co. in a report on Wednesday, January 7th. Morgan Stanley set a $300.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Friday, December 19th. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Truist Financial set a $271.00 price objective on Arthur J. Gallagher & Co. in a research report on Friday, January 30th. Finally, Jefferies Financial Group decreased their target price on Arthur J. Gallagher & Co. from $283.00 to $280.00 and set a “hold” rating for the company in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $281.39.

Arthur J. Gallagher & Co. Stock Performance

Arthur J. Gallagher & Co. stock opened at $211.91 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $54.48 billion, a P/E ratio of 34.46, a P/E/G ratio of 1.01 and a beta of 0.67. Arthur J. Gallagher & Co. has a 1-year low of $195.00 and a 1-year high of $351.23. The firm has a 50-day moving average of $233.91 and a 200-day moving average of $259.34.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $1.12 EPS. Arthur J. Gallagher & Co.’s revenue was up 33.9% compared to the same quarter last year. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

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

In other Arthur J. Gallagher & Co. news, VP Christopher E. Mead sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the completion of the transaction, the vice president owned 19,306 shares of the company’s stock, valued at approximately $4,384,778.72. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Walter D. Bay sold 15,850 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $255.00, for a total value of $4,041,750.00. Following the completion of the sale, the general counsel directly owned 79,549 shares in the company, valued at approximately $20,284,995. This represents a 16.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,650 shares of company stock worth $8,137,686 in the last ninety days. 1.60% of the stock is owned by company insiders.

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

Several large investors have recently modified their holdings of AJG. Physician Wealth Advisors Inc. boosted its stake in Arthur J. Gallagher & Co. by 870.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $26,000. Rakuten Securities Inc. raised its holdings in Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after buying an additional 91 shares during the last quarter. Financial Life Planners bought a new position in shares of Arthur J. Gallagher & Co. in the third quarter worth approximately $39,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.