Arthur J. Gallagher & Co. (NYSE:AJG) VP Sells $6,738,436.20 in Stock
π AJG reported Q3 earnings of $3.00 EPS, beating the consensus estimate of $2.99.
π° Revenue surged 19.6% year-over-year to reach $3.92 billion for the quarter.
π The company achieved a net margin of 10.39% and a return on equity of 13.90%.
π¦ Major institutional investors including Bank of America and Principal Financial Group increased their holdings in Q1.
π΅ AJG declared a quarterly dividend of $0.70 with an ex-dividend date of December 7th.
π Analyst UBS Group raised its price target to $320.00 and maintained a 'buy' rating.
π The stock carries a consensus analyst rating of 'Moderate Buy' with an average price target of $292.05.
- Arthur J. Gallagher & Co. reported earnings per share of $3.00, surpassing the analyst consensus estimate of $2.99.
- The company achieved a significant 19.6% year-over-year revenue increase to $3.92 billion for the quarter.
- Major institutional investors including Bank of America Corp DE and Principal Financial Group Inc. increased their stakes in the first quarter.
- Analyst UBS Group raised its price target from $299.00 to $320.00 while maintaining a 'buy' rating.
- Seaport Research Partners upgraded the stock to a 'buy' rating, contributing to a consensus 'Moderate Buy' status.
- Analyst Cantor Fitzgerald lowered its price target from $300.00 to $280.00 and issued a 'neutral' rating.
- Truist Financial maintained a 'hold' rating despite raising its price target, indicating cautious sentiment among some analysts.