In a report released yesterday, Elyse Greenspan from Wells Fargo maintained a Buy rating on Arthur J Gallagher & Co (AJG – Research Report), with a price target of $273.00.
Elyse Greenspan has given her Buy rating due to a combination of factors that signal a strong outlook for Arthur J. Gallagher & Co. She observed that the company’s earnings per share (EPS) in the fourth quarter outperformed her projection, albeit by a narrow margin, indicating a robust performance in the Corporate and Risk Management segments, which compensated for the more modest results in Brokerage.
Moreover, her positive stance is bolstered by the company’s journey into a multi-year casualty phase, which suggests potential for sustained growth and profitability. Greenspan’s analysis implies that Arthur J. Gallagher & Co. is well-poised to capitalize on market opportunities, which is reflected in her Buy recommendation for the stock.
According to TipRanks, Greenspan is a 5-star analyst with an average return of 11.2% and a 65.39% success rate. Greenspan covers the Financial sector, focusing on stocks such as Allstate, American International Group, and Arthur J Gallagher & Co.
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Arthur J Gallagher & Co (AJG) Company Description:
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.
Read More on AJG:
- Arthur J. Gallagher & Co. Announces Fourth Quarter and Full Year 2023 Financial Results
- Arthur J. Gallagher & Co. Increases Cash Dividend to $0.60 per Share
- Arthur J. Gallagher raises quarterly dividend to 60c from 55c per share
- AJG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Arthur J. Gallagher & Co. Acquires The Rowley Agency, LLC
