Arthur J. Gallagher & Co. (AJG) Given Average Rating of “Buy” by Analysts

Arthur J. Gallagher & Co. (NYSE:AJG) has been given a consensus rating of “Buy” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $72.33.

Several brokerages recently weighed in on AJG. Zacks Investment Research downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Friday, April 6th. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, January 26th. ValuEngine upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Citigroup increased their price target on shares of Arthur J. Gallagher & Co. from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $77.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, December 22nd.

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In other Arthur J. Gallagher & Co. news, VP Thomas Joseph Gallagher sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $69.80, for a total value of $802,700.00. Following the sale, the vice president now owns 176,305 shares in the company, valued at approximately $12,306,089. 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 600 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $63.71, for a total value of $38,226.00. Following the completion of the sale, the director now owns 10,000 shares in the company, valued at approximately $637,100. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,766 shares of company stock worth $1,501,938. Insiders own 1.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in AJG. Dimensional Fund Advisors LP boosted its position in Arthur J. Gallagher & Co. by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 750,592 shares of the financial services provider’s stock worth $46,199,000 after purchasing an additional 7,115 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Arthur J. Gallagher & Co. by 23.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,193 shares of the financial services provider’s stock worth $1,057,000 after purchasing an additional 3,251 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth approximately $1,198,000. California Public Employees Retirement System boosted its position in Arthur J. Gallagher & Co. by 10.4% in the 3rd quarter. California Public Employees Retirement System now owns 372,593 shares of the financial services provider’s stock worth $22,933,000 after purchasing an additional 35,093 shares in the last quarter. Finally, AXA purchased a new stake in Arthur J. Gallagher & Co. in the 3rd quarter worth approximately $10,257,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

Shares of AJG traded up $0.25 during mid-day trading on Thursday, hitting $70.07. 98,490 shares of the company traded hands, compared to its average volume of 1,113,202. Arthur J. Gallagher & Co. has a 1-year low of $54.50 and a 1-year high of $72.77. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The company has a market cap of $12,636.32, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.13.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) 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 firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. research analysts anticipate that Arthur J. Gallagher & Co. will post 3.56 EPS for the current fiscal year.

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About Arthur J. Gallagher & Co.

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.

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

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