Credit Suisse analyst Michael Zaremski maintained a Buy rating on Arthur J Gallagher & Co (NYSE: AJG) yesterday and set a price target of $84. The company’s shares closed yesterday at $74.55, close to its 52-week high of $76.49.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 6.8% and a 70.6% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Selective Insurance Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arthur J Gallagher & Co with a $79.33 average price target, implying a 6.4% upside from current levels. In a report issued on September 13, Wells Fargo also maintained a Buy rating on the stock with a $85 price target.
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Based on Arthur J Gallagher & Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $115 million. In comparison, last year the company earned revenue of $1.57 billion and had a net profit of $172 million.
Based on the recent corporate insider activity of 53 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.
