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

By Ryan Adsit

In a report released today, 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 opened today at $68.05.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.6% and a 50.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Arthur J Gallagher & Co has an analyst consensus of Moderate Buy, with a price target consensus of $74.40.

Arthur J Gallagher & Co’s market cap is currently $12.37B and has a P/E ratio of 26.79. The company has a book value ratio of 3.0004.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

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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.