Arthur J Gallagher & Co (NYSE:AJG) Rating Reiterated by Barclays

Arthur J Gallagher & Co (NYSE:AJG)‘s stock had its “buy” rating reiterated by equities researchers at Barclays in a research report issued on Tuesday, AnalystRatings.com reports. They currently have a $113.00 target price on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 19.14% from the company’s current price.

Several other analysts also recently weighed in on the company. Royal Bank of Canada set a $91.00 price objective on Arthur J Gallagher & Co and gave the company a “hold” rating in a report on Friday, October 25th. SunTrust Banks lifted their price objective on Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Co restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Monday. Finally, ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $95.29.

AJG stock opened at $94.85 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average price of $94.06 and a 200 day moving average price of $90.81. The company has a market capitalization of $17.67 billion, a P/E ratio of 26.24, a PEG ratio of 2.33 and a beta of 0.80. Arthur J Gallagher & Co has a 1-year low of $71.55 and a 1-year high of $96.20.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, analysts anticipate that Arthur J Gallagher & Co will post 3.62 earnings per share for the current fiscal year.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 1,944 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $95.32, for a total value of $185,302.08. Following the sale, the general counsel now owns 67,644 shares in the company, valued at approximately $6,447,826.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank E. Jr. English sold 1,450 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $91.46, for a total value of $132,617.00. Following the completion of the sale, the director now owns 7,150 shares in the company, valued at approximately $653,939. The disclosure for this sale can be found here. Insiders sold 36,493 shares of company stock valued at $3,414,652 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Bridger Capital Management LLC purchased a new position in shares of Arthur J Gallagher & Co in the 3rd quarter valued at about $52,000. Voloridge Investment Management LLC purchased a new position in shares of Arthur J Gallagher & Co in the 3rd quarter valued at about $4,719,000. Public Employees Retirement System of Ohio boosted its stake in shares of Arthur J Gallagher & Co by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,478 shares of the financial services provider’s stock valued at $5,954,000 after buying an additional 220 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Arthur J Gallagher & Co by 4.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 404,695 shares of the financial services provider’s stock valued at $36,249,000 after buying an additional 16,583 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Arthur J Gallagher & Co by 3.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 218,374 shares of the financial services provider’s stock valued at $19,128,000 after buying an additional 7,044 shares during the period. 82.78% of the stock is owned by institutional investors and hedge funds.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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