Morgan Stanley analyst Michael Phillips CFA maintained a Hold rating on Arthur J Gallagher & Co (AJG – Research Report) today and set a price target of $204.00. The company’s shares opened today at $195.95.
According to TipRanks, Phillips CFA is a 3-star analyst with an average return of 2.2% and a 58.54% success rate. Phillips CFA covers the Financial sector, focusing on stocks such as Everest Re, Hippo Holdings, and Chubb.
Currently, the analyst consensus on Arthur J Gallagher & Co is a Moderate Buy with an average price target of $199.11.
Based on Arthur J Gallagher & Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.05 billion and a net profit of $255.8 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $225.1 million
Based on the recent corporate insider activity of 55 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, Cavaness Joel D, the VP of AJG sold 10,000.00 shares for a total of $1,927,200.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Arthur J. Gallagher & Co. engages in the provision of insurance brokerage, consulting, and third party claims settlement and administration services to both domestic and international entities. It operates through the following business segments: Brokerage, Risk Management and Corporate. The Brokerage segment comprises of retail and wholesale insurance brokerage operations. The Risk Management segment provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure some or all of their property/casualty coverages and for underwriting enterprises that choose to outsource some or all of their property/casualty claims departments. The Corporate segment manages clean energy and other investments. The company was founded by Arthur J. Gallagher on October 1, 1927 and is headquartered in Rolling Meadows, IL.
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