Jim Cramer Looked At These 23 Stocks Recently

6. Arthur J. Gallagher & Co. (NYSE:AJG)

Number of Hedge Fund Holders: 77

Arthur J. Gallagher & Co. (NYSE:AJG) was discussed during the episode as Cramer stated:

“To prove that the theme isn’t just recession, financials are the third best-performing sector and we know this group has a hefty reliance on credit, which sours in a recession. Insurance has been incredibly hot this year with a remarkable pricing factor as you know, well, you know all too well if you own the stocks of Brown & Brown or Arthur J. Gallagher, two storied insurance brokers that top the list of best performers in the group. I never met anybody who owned them though…

None of these have any real credit risks, one of the reasons why I like them, but their financials nonetheless, and the bank stocks are acting much better than expected even if they’re not at the top of the heat.”

Arthur J. Gallagher (NYSE:AJG) provides insurance and reinsurance brokerage, consulting, and third-party claims administration services. The company also offers specialized coverage and risk management solutions to individuals and organizations.

On March 21, TD Cowen increased its price target for Arthur J. Gallagher (NYSE:AJG) to $388 from $377 and kept a Buy rating on the stock. The firm revised its model after an investor meeting and noted that the organic revenue growth for 1Q25 in the Brokerage segment is surpassing the FY25 guidance and the guidance remains unchanged.