Arthur J Gallagher & Co (AJG) Receives a Sell from KBW

In a report released yesterday, Meyer Shields from KBW maintained a Sell rating on Arthur J Gallagher & Co (AJG – Research Report), with a price target of $240.00. The company’s shares closed yesterday at $236.95.

Shields covers the Financial sector, focusing on stocks such as Allstate, American Financial Group, and Arch Capital Group. According to TipRanks, Shields has an average return of 13.8% and a 73.29% success rate on recommended stocks.

In addition to KBW, Arthur J Gallagher & Co also received a Sell from Bank of America Securities’s Joshua Shanker in a report issued on April 10. However, yesterday, Goldman Sachs maintained a Buy rating on Arthur J Gallagher & Co (NYSE: AJG).

The company has a one-year high of $256.10 and a one-year low of $197.05. Currently, Arthur J Gallagher & Co has an average volume of 878K.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AJG in relation to earlier this year. Last month, Scott Hudson, the VP of AJG sold 30,458.00 shares for a total of $7,756,560.23.

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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.