Arthur J. Gallagher & Co
AJG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@M | LOCK|@!>B | LOCK|&Mw>h< |
Gallagher: An Attractive Company, but Shares Are a Bit Overvalued
We have initiated coverage of Arthur J Gallagher. We assign the company a narrow moat rating and a fair value estimate of $250 per share. We see shares as modestly overvalued, as we think the market is overly focused on the recent tailwinds Gallagher and its insurance brokerage peers have been enjoying.
