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Wolfe Research Remains a Buy on Arthur J Gallagher & Co (AJG)

Tipranks - Tipranks - Sat Jan 31, 8:48AM CST

Wolfe Research analyst reiterated a Buy rating on Arthur J Gallagher & Co yesterday and set a price target of $289.00.

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In addition to Wolfe Research, Arthur J Gallagher & Co also received a Buy from TipRanks – OpenAI’s OpenAI Insurance – Brokers in a report issued today. However, on the same day, KBW 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 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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