KBW Believes Arthur J Gallagher & Co (NYSE: AJG) Won’t Stop Here

By Ryan Adsit

KBW analyst Meyer Shields reiterated a Buy rating on Arthur J Gallagher & Co (NYSE: AJG) on June 7 and set a price target of $62. The company’s shares closed yesterday at $57.39, close to its 52-week high of $57.82.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 5.7% and a 72.9% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Infinity Property and Casualty, and American International Group.

Arthur J Gallagher & Co has an analyst consensus of Moderate Buy, with a price target consensus of $59.33.

Arthur J Gallagher & Co’s market cap is currently $10.3B and has a P/E ratio of 24.22. The company has a book value ratio of 2.8129.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.

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Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and risk management services to commercial, industrial, institutional and governmental organizations. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment is primarily comprised of retail and wholesale insurance brokerage operations. The Risk Management segment provides contract claim settlement and administration services for enterprises that choose to self-insure some or all of their property or casualty coverage’s and for insurance companies that choose to outsource some or all of their property or casualty claims departments. The Corporate segment includes the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs. The company was founded by Arthur J. Gallagher on October 1, 1927 and is headquartered in Itasca, IL.