11 Best Insurance Stocks to Buy Right Now

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

Arthur J. Gallagher & Co. (NYSE:AJG) is one of the 11 best insurance stocks to buy right now.

On March 17, Rowland Mayor from RBC Capital assigned an Outperform rating to Arthur J. Gallagher & Co. (NYSE:AJG). The analyst resumed coverage on the stock with a target price of $260, which yields an upside potential of almost 23% at the current level.

Mayor noted that the recent selloff triggered by AI-linked threats appeared to have been overdone. However, such investor panic does not change the fact that Arthur J. Gallagher & Co. (NYSE:AJG) possesses a relatively stronger ability to limit the adverse effects of any potential near-term headwinds. This ability is backed by the company’s impressive platform that contains various insulating characteristics.

Back on February 23, Arthur J. Gallagher & Co. (NYSE:AJG) was subject to a downward adjustment in target price by Piper Sandler, from $249 to $226. The firm maintained its Neutral rating on the stock, which now offers a revised upside potential of almost 7% at the current level.

Arthur J. Gallagher & Co. (NYSE:AJG) delivers insurance brokerage, reinsurance, risk management, consulting, and third-party claims settlement services, covering both individuals and corporate clients. Some of its offerings include insurance placement, underwriting management, wholesale insurance, and reinsurance negotiating services. Through its operations, it caters to commercial, industrial, public sector, and non-profit clients.

While we acknowledge the potential of AJG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AJG and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Insurance Stocks to Buy Right Now.

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