Barclays Reiterates “Overweight” Rating for Arthur J Gallagher & Co (AJG)

Arthur J Gallagher & Co (NYSE:AJG)‘s stock had its “overweight” rating reiterated by Barclays in a report released on Tuesday, MarketBeat Ratings reports. They presently have a $82.00 price target on the financial services provider’s stock, up from their prior price target of $70.00. Barclays’ target price would indicate a potential upside of 17.51% from the stock’s current price.

Several other equities analysts have also weighed in on AJG. Credit Suisse Group increased their price objective on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine lowered shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Wells Fargo & Co set a $74.00 price objective on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a report on Friday, December 8th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $64.00 price objective on shares of Arthur J Gallagher & Co in a report on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.78.

Shares of Arthur J Gallagher & Co (AJG) traded up $0.47 during midday trading on Tuesday, reaching $69.78. 320,672 shares of the company traded hands, compared to its average volume of 1,173,347. Arthur J Gallagher & Co has a fifty-two week low of $54.50 and a fifty-two week high of $70.55. The firm has a market capitalization of $12,512.95, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.07. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Arthur J Gallagher & Co’s revenue was up 15.5% compared to the same quarter last year. equities research analysts anticipate that Arthur J Gallagher & Co will post 3.57 earnings per share for the current fiscal year.

In other Arthur J Gallagher & Co news, insider Susan E. Pietrucha sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $68.76, for a total value of $103,140.00. Following the sale, the insider now directly owns 1,954 shares in the company, valued at $134,357.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas K. Howell sold 5,200 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $68.17, for a total transaction of $354,484.00. Following the completion of the sale, the chief financial officer now owns 43,000 shares in the company, valued at $2,931,310. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,366 shares of company stock worth $1,998,142. Company insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AJG. Dimensional Fund Advisors LP raised its holdings in Arthur J Gallagher & Co by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 743,477 shares of the financial services provider’s stock worth $42,564,000 after purchasing an additional 18,995 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Arthur J Gallagher & Co by 236.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,502 shares of the financial services provider’s stock worth $1,288,000 after acquiring an additional 15,814 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Arthur J Gallagher & Co during the second quarter worth $230,000. Intl Fcstone Inc. acquired a new stake in shares of Arthur J Gallagher & Co during the second quarter worth $325,000. Finally, Oakbrook Investments LLC raised its holdings in shares of Arthur J Gallagher & Co by 142.5% during the third quarter. Oakbrook Investments LLC now owns 15,740 shares of the financial services provider’s stock worth $969,000 after acquiring an additional 9,250 shares during the period. Institutional investors own 82.09% of the company’s stock.

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Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.

Analyst Recommendations for Arthur J Gallagher & Co (NYSE:AJG)

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