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Stock impact report

Truist Trims Price Target on Arthur J. Gallagher & Co. (AJG) [Yahoo! Finance]

Arthur J. Gallagher & Co. (AJG) 
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ajg.com/investor-overview
Company Research Source: Yahoo! Finance
Arthur J. Gallagher & Co. (NYSE:AJG) is a global insurance brokerage and consulting firm, operating across brokerage services, risk management, and corporate solutions. On January 30, Truist trimmed its price target on Arthur J. Gallagher & Co. (NYSE:AJG) to $271 from $280. The firm also kept a Hold rating after reviewing the company's Q4 results. The analyst said the move reflects valuation pressure across the P&C brokerage space. Even so, Truist views the stock as fairly valued at its current multiple, which already sits near the top of the range for large peers. The day before, on January 29, the company reported a 24.5% increase in adjusted fourth-quarter profit. Stronger commissions and fees drove the upside as demand held firm. Insurance spending has stayed resilient, with businesses and individuals continuing to prioritize coverage against financial risks, natural disasters, and other potential losses, even while cutting back elsewhere. Commissions climbed to $2.06 billi Show less Read more
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