KBW Reaffirms Their Hold Rating on Arthur J Gallagher & Co (AJG)

In a report released today, Meyer Shields from KBW maintained a Hold rating on Arthur J Gallagher & Co, with a price target of $279.00.

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According to TipRanks, Shields is a 5-star analyst with an average return of 12.7% and a 70.33% success rate. Shields covers the Financial sector, focusing on stocks such as Allstate, Chubb, and Arthur J Gallagher & Co.

In addition to KBW, Arthur J Gallagher & Co also received a Hold from Truist Financial’s Mark Hughes in a report issued on December 24. However, on December 23, Wells Fargo maintained a Buy rating on Arthur J Gallagher & Co (NYSE: AJG).

Based on Arthur J Gallagher & Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.37 billion and a net profit of $272.7 million. In comparison, last year the company earned a revenue of $2.81 billion and had a net profit of $312.6 million

Based on the recent corporate insider activity of 97 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. Last month, Christopher E Mead, the VP of AJG sold 4,000.00 shares for a total of $1,032,440.00.