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

Tipranks - Tue Jun 23, 3:46AM CDT

Barclays analyst Alex Scott maintained a Buy rating on Arthur J Gallagher & Co today and set a price target of $275.00.

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Scott covers the Financial sector, focusing on stocks such as Allstate, Hartford Insurance, and Equitable Holdings. According to TipRanks, Scott has an average return of 5.5% and a 54.66% success rate on recommended stocks.

In addition to Barclays, Arthur J Gallagher & Co also received a Buy from Wells Fargo’s Elyse Greenspan in a report issued on June 18. However, on the same day, Truist Financial maintained a Hold rating on Arthur J Gallagher & Co (NYSE: AJG).

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 75 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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