Wells Fargo analyst Elyse Greenspan maintains $Arthur J. Gallagher (AJG.US)$ with a buy rating, and adjusts the target price from $309 to $315.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Arthur J. Gallagher (AJG.US)$'s main analysts recently are as follows:
Analysts note that insurance brokers maintain a generally positive outlook on 2024 organic growth expectations, with predictions that large-cap broker organic growth will continue to be above average in the third quarter. It is anticipated, however, that the group's underlying growth will decelerate towards long-term norms throughout 2025 to 2026. These target changes within the group are reflective of events throughout the quarter, alongside a general expansion in market P/E multiples.
Q3 outcomes, especially for reinsurers, might be eclipsed by recent hurricane events. There is a positive outlook on the Personal segment due to enhanced margins and growth in policies-in-force. The expectation for Q3 is that catastrophe losses will be lower than the five-year seasonal average but still exceed those of the same quarter the previous year, which may present a downside for primary insurers.
Note:
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