VNET Group Reaffirms “Maintains” Rating for Arthur J. Gallagher & Co. (NYSE:AJG)

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating)‘s stock had its “maintains” rating reaffirmed by research analysts at VNET Group in a report released on Tuesday, Benzinga reports.

A number of other research analysts have also recently commented on AJG. Wells Fargo & Company increased their price target on Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Keefe, Bruyette & Woods reduced their price objective on shares of Arthur J. Gallagher & Co. from $213.00 to $211.00 and set a “market perform” rating for the company in a research note on Friday, March 17th. Citigroup boosted their price target on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research report on Tuesday, April 18th. Raymond James boosted their price target on shares of Arthur J. Gallagher & Co. from $215.00 to $240.00 in a research report on Monday, May 1st. Finally, Argus increased their price target on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research note on Monday, May 1st. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and an average price target of $217.71.

Arthur J. Gallagher & Co. Trading Down 0.2 %

Shares of NYSE AJG traded down $0.51 during midday trading on Tuesday, hitting $203.81. The stock had a trading volume of 595,805 shares, compared to its average volume of 890,811. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a fifty-two week low of $148.24 and a fifty-two week high of $219.23. The company’s 50-day simple moving average is $202.48 and its 200 day simple moving average is $195.22. The firm has a market cap of $43.67 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69.

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

In other news, VP Scott R. Hudson sold 18,700 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $190.66, for a total value of $3,565,342.00. Following the transaction, the vice president now directly owns 42,231 shares of the company’s stock, valued at $8,051,762.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Scott R. Hudson sold 18,700 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $190.66, for a total transaction of $3,565,342.00. Following the completion of the sale, the vice president now owns 42,231 shares in the company, valued at approximately $8,051,762.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Patrick Murphy Gallagher sold 5,051 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $189.34, for a total transaction of $956,356.34. Following the sale, the vice president now owns 34,134 shares of the company’s stock, valued at approximately $6,462,931.56. The disclosure for this sale can be found here. Insiders have sold a total of 125,354 shares of company stock valued at $25,882,434 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 7.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,287 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 90 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Arthur J. Gallagher & Co. by 49.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,300 shares of the financial services provider’s stock valued at $925,000 after purchasing an additional 1,744 shares in the last quarter. Prudential PLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth about $838,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 37.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,532 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 693 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of Arthur J. Gallagher & Co. by 25.0% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 11,184 shares of the financial services provider’s stock worth $1,953,000 after acquiring an additional 2,235 shares during the period. 82.07% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Company Profile

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Arthur J. Gallagher & Co engages in the provision of insurance 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.