Wells Fargo Sticks to Its Buy Rating for Arthur J Gallagher & Co

By Ryan Adsit

In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Buy rating on Arthur J Gallagher & Co (NYSE: AJG), with a price target of $78. The company’s shares closed yesterday at $66.16.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 5.4% and a 57.5% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Marsh & Mclennan Companies.

Arthur J Gallagher & Co has an analyst consensus of Moderate Buy, with a price target consensus of $74.50.

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The company has a one-year high of $72.77 and a one-year low of $56.20. Currently, Arthur J Gallagher & Co has an average volume of 943.3K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Last month, Susan Mcgrath, the CHRO of AJG sold 15,672 shares for a total of $1,084,973.

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 segments: Brokerage, Risk Management, and Corporate.