Evercore ISI Reaffirms Their Buy Rating on Arthur J Gallagher & Co (AJG)
Evercore ISI analyst David Motemaden maintained a Buy rating on Arthur J Gallagher & Co today and set a price target of $334.00.
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Motemaden covers the Financial sector, focusing on stocks such as Allstate, Everest Group, and Arthur J Gallagher & Co. According to TipRanks, Motemaden has an average return of 8.6% and a 68.68% success rate on recommended stocks.
In addition to Evercore ISI, Arthur J Gallagher & Co also received a Buy from Wells Fargo’s Elyse Greenspan in a report issued on December 23. However, today, Piper Sandler downgraded Arthur J Gallagher & Co (NYSE: AJG) to a Hold.
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.
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- Arthur J. Gallagher downgraded to Neutral from Overweight at Piper Sandler
- Arthur J. Gallagher price target raised to $279 from $272 at Keefe Bruyette
- Arthur J. Gallagher price target lowered to $328 from $344 at Wells Fargo
- Arthur J. Gallagher initiated with an Overweight at Morgan Stanley
- Arthur J. Gallagher & Co.: Resilient Fundamentals, Attractive Valuation, and M&A-Driven Growth Support Buy Rating
