Research analysts at StockNews.com provided Arthur J. Gallagher & Co (NYSE: AJG) with initial coverage in a study made available to the general public on Thursday.
The brokerage assigned a “hold” rating to the company’s stock, indicating that investors should not sell the stock.
The most recent quarterly earnings report for Arthur J. Gallagher & Co (NYSE: AJG) was released on January 26, and the company announced the results.
The financial services company’s earnings per share (EPS) for the quarter came in at $1.54, which was $0.04 higher than the consensus forecast of $1.50.
The earnings were reported on a per-share basis.
The company reported quarterly revenue of $2 billion, which is significantly higher than the market experts’ consensus estimate of $1.96 billion for the company’s revenue.
The 13.08% net margin and 18.64% return on equity are two indicators that indicate that Arthur J. Gallagher & Co had a successful performance. Compared to the same period the previous year, the total revenue for the quarter saw a 2.8% year-over-year increase.
The company reported a profit of $0.98 per share for the same period as the previous year.
Earnings of $8.74 per share are anticipated to be generated by Arthur J. Gallagher & Co during the current fiscal year, as stated by the forecasts provided by research analysts.
When trading started on Thursday, the price of one share of AJG was $177.09 per share.
The debt-to-equity ratio is calculated to be 0.61, the current ratio is calculated to be 1.04, and the quick ratio is also calculated to be 1.04rrent ratio is calculated to be 1.04.
The quick ratio is also calculated to be 1.04.
Because it has a beta of 0.69, a market value of $37.56 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 1.78, and a price-to-earnings-growth ratio of 1.78, the company is an excellent investment.
The simple moving average for the last 50 days for this company is $190.97, and the simple moving average for the last 200 days for this stock is $187.21.
During the last year, Arthur J. Gallagher & Co has traded at a range of prices, with $148.24 representing its all-time low and $202.37 representing its all-time high.
Several different equity research analysts have written recent reports on the company.
These studies emphasized more recent happenings.
In a research note published on December 29, Raymond James gave Arthur J. Gallagher & Co shares a “strong-buy” rating and raised their price objective for the company’s stock from $205.00 to $215.00.
Both of these moves were made in response to recent market activity. Citigroup upgraded their rating for Arthur J. Gallagher & Co from “hold” to “buy” in a research note published on February 1.
Additionally, they raised their price target for the company’s stock from $225 to $228.
Truist Financial upgraded Arthur J. Gallagher & Co from a “hold” rating to a “buy” rating in a research note published on Monday, January 30.
They also raised their target price for the company from $220.00 to $230.00.
In a research note released on December 29, we raised our price objective for the company’s stock from $205.00 to $215.00. Citigroup upgraded their rating for Arthur J. Gallagher & Co from “hold” to “buy” in a research note published on February 1.
Additionally, they raised their price target for the company’s stock from $225 to $228.
Truist Financial upgraded Arthur J. Gallagher & Co from a “hold” rating to a “buy” rating and increased their target price from $220.00 to $230.00 in a research note published on Monday, January 30.
The research note published on January 19 by BMO Capital Markets contained an announcement that the company would begin covering Arthur J. Gallagher & Co They suggested to investors that they “outperform” the company and established the price objective at $211.00.
Piper Sandler reevaluated Arthur J. Gallagher & Co and shifted their recommendation for the company from “neutral” to “buy” in a research note published on Friday, January 27.
The final and most significant adjustment was made here.
There are a total of ten analysts who recommend buying the stock, nine analysts who recommend keeping existing positions, and one analyst who recommends a strong purchase.
The company is currently rated as having a consensus “Moderate Buy” recommendation, and its target price is currently rated as having a consensus value of $211.86, as indicated by the data provided by Bloomberg.
In related news, on March 6, Scott R. Hudson, Vice President of the company, sold 18,700 of the company’s shares of stock.
This news comes as part of a related story.
The sale of the shares resulted in total revenue of $3,565,342.00, with the average price at which each share could be purchased being $190.66. Following the completion of the transaction, the vice president will have a direct ownership stake in 42,231 company shares, each of which will have an estimated value of $8,051,762.46. One can access a document that provides additional information regarding the transaction by going to the Securities and Exchange Commission (SEC) website.
The Vice President of Arthur J. Gallagher & Co, Patrick Murphy Gallagher, sold 5,051 shares on March 8.
This information is important in light of what was discussed in the previous paragraph.
A total of $956,356.34 shares were transacted at an average price of $189.34 per share, leading to a sale volume of 956,356.34 dollars.
As a direct result of the transaction, the vice president now owns 34,134 shares of company stock, which have a combined value of $6,462,931.56ed story.
The sale of the shares resulted in total revenue of $3,565,342.00, with the average price at which each share could be purchased being $190.66. Following the completion of the transaction, the vice president will have a direct ownership stake in 42,231 company shares, each of which will have an estimated value of $8,051,762.46. One can access a document that provides additional information regarding the transaction by going to the Securities and Exchange Commission (SEC) website.
The Vice President of Arthur J. Gallagher & Co, Patrick Murphy Gallagher, sold 5,051 shares on March 8.
This information is important in light of what was discussed in the previous paragraph.
A total of $956,356.34 shares were transacted at an average price of $189.34 per share, leading to a sale volume of 956,356.34 dollars.
As a direct result of the transaction, the vice president now owns 34,134 shares of company stock, which have a combined value of $6,462,931.56. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction.
Additionally, on Monday, March 6, Vice President Scott R. Hudson successfully sold 18,700 of the company’s shares of stock.
As a result of the sale of the shares at an average price of $190.66 per share, a total profit of $3,565,342.00 was realized from the transaction as a whole. Following the completion of the transaction, the vice president will have a direct ownership stake in 42,231 company shares, each of which will have an estimated value of $8,051,762.46.
Disclosures related to the sale might be found in this website section.
Insiders of the company have sold 24,933 shares of company stock for a total price of $4,747,098 over the past three months. 1.40 company insiders own a percent of the total shares currently outstanding.
Recent deals involving the company’s shares involved institutional buyers and sellers.
During the fourth quarter of the fiscal year, McElhenny Sheffield Capital Management LLC invested a capital contribution to Arthur J. Gallagher & Co of $27,000.
During the third quarter, Karp Capital Management Corporation established a new position in Arthur J. Gallagher & Company by making an investment of approximately $28,000 in the company.
Affiance Financial LLC spent approximately $32,000 during the fourth quarter to acquire a new position at Arthur J. Gallagher & Co This purchase was made during the period covered by the report.
During the third quarter, Guardian Wealth Advisors LLC spent approximately $31,000 to acquire additional shares of Arthur J. Gallagher & Co lastly, during the third quarter, Tsfg LLC successfully increased the percentage of Arthur J. Gallagher & Co shares it owned by a factor of 48.8%.
The most recent quarter saw Tsfg LLC increase its shareholdings by purchasing an additional 60 shares, bringing the total number of shares purchased to 183 at a value of $31,000.
This brought the total number of shares purchased to 183.
The vast majority of the company’s stock is owned by large financial institutions, which account for 82.07% of the total.