Arthur J Gallagher & Co (NYSE:AJG) Receives “Buy” Rating from Wells Fargo & Co

Wells Fargo & Co reiterated their buy rating on shares of Arthur J Gallagher & Co (NYSE:AJG) in a report published on Monday morning, AnalystRatings.com reports.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada set a $91.00 target price on shares of Arthur J Gallagher & Co and gave the stock a hold rating in a report on Friday, October 25th. ValuEngine lowered shares of Arthur J Gallagher & Co from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, SunTrust Banks upped their target price on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a buy rating in a report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $95.29.

NYSE AJG opened at $94.85 on Monday. The company’s 50 day moving average is $94.06 and its 200-day moving average is $90.81. Arthur J Gallagher & Co has a 12-month low of $71.55 and a 12-month high of $96.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.78. The firm has a market cap of $17.67 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80.

Arthur J Gallagher & Co (NYSE:AJG) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.81 billion. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. Arthur J Gallagher & Co’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. Equities analysts expect that Arthur J Gallagher & Co will post 3.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 49.86%.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 1,944 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $95.32, for a total value of $185,302.08. Following the completion of the transaction, the general counsel now owns 67,644 shares of the company’s stock, valued at approximately $6,447,826.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Joel D. Cavaness sold 29,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $93.75, for a total transaction of $2,765,625.00. Insiders have sold a total of 36,493 shares of company stock worth $3,414,652 in the last ninety days. 1.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Bridger Capital Management LLC bought a new stake in Arthur J Gallagher & Co during the 3rd quarter valued at $52,000. Voloridge Investment Management LLC bought a new stake in Arthur J Gallagher & Co during the 3rd quarter valued at $4,719,000. Public Employees Retirement System of Ohio raised its holdings in Arthur J Gallagher & Co by 0.3% during 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 last quarter. Parametric Portfolio Associates LLC raised its holdings in Arthur J Gallagher & Co by 4.3% during 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 last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Arthur J Gallagher & Co by 3.3% during 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 last quarter. 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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