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TD Cowen Sticks to Their Buy Rating for Arthur J Gallagher & Co (AJG)

Tipranks - Tipranks - Fri Jun 19, 6:54AM CDT

In a report released today, from TD Cowen reiterated a Buy rating on Arthur J Gallagher & Co, with a price target of $388.00.

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In addition to TD Cowen, Arthur J Gallagher & Co also received a Buy from UBS’s Brian Meredith in a report issued today. However, on the same day, Truist Financial maintained a Hold rating on Arthur J Gallagher & Co (NYSE: AJG).

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Based on Arthur J Gallagher & Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.76 billion and a net profit of $822 million. In comparison, last year the company earned a revenue of $3.73 billion and had a net profit of $704.4 million

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AJG in relation to earlier this year. Earlier this month, Richard Cary, the Controller, CAO of AJG sold 3,000.00 shares for a total of $618,000.00.

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