Arthur J Gallagher & Co (AJG) PT Set at $74.00 by Wells Fargo & Co

Wells Fargo & Co set a $74.00 target price on Arthur J Gallagher & Co (NYSE:AJG) in a research report report published on Friday, December 8th. The brokerage currently has a buy rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Barclays boosted their price objective on Arthur J Gallagher & Co from $66.00 to $68.00 and gave the company an overweight rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a sell rating to a hold rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reiterated a buy rating and set a $62.00 price target on shares of Arthur J Gallagher & Co in a research report on Friday, August 18th. Royal Bank of Canada reiterated a hold rating and set a $59.00 price target on shares of Arthur J Gallagher & Co in a research report on Tuesday, October 10th. Finally, Deutsche Bank lowered Arthur J Gallagher & Co from a buy rating to a hold rating and set a $64.00 price objective on the stock. in a research note on Wednesday, October 4th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $68.11.

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down $1.11 during trading hours on Friday, reaching $62.17. The company’s stock had a trading volume of 790,461 shares, compared to its average volume of 638,700. Arthur J Gallagher & Co has a one year low of $51.80 and a one year high of $67.32. The firm has a market capitalization of $11,270.00, a P/E ratio of 24.87, a PEG ratio of 2.13 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Arthur J Gallagher & Co had a return on equity of 13.56% and a net margin of 7.62%. Arthur J Gallagher & Co’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. equities research analysts anticipate that Arthur J Gallagher & Co will post 2.99 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, November 30th. Arthur J Gallagher & Co’s payout ratio is 62.40%.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 7,600 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction of $496,204.00. Following the sale, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the sale, the director now owns 10,600 shares in the company, valued at approximately $674,902. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aviva PLC increased its holdings in shares of Arthur J Gallagher & Co by 0.9% in the 2nd quarter. Aviva PLC now owns 111,022 shares of the financial services provider’s stock valued at $6,356,000 after acquiring an additional 990 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in Arthur J Gallagher & Co by 7.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock worth $157,933,000 after buying an additional 201,141 shares during the last quarter. WBI Investments Inc. grew its stake in Arthur J Gallagher & Co by 140.0% during the 2nd quarter. WBI Investments Inc. now owns 452,193 shares of the financial services provider’s stock worth $25,888,000 after buying an additional 263,757 shares during the last quarter. Principal Financial Group Inc. grew its stake in Arthur J Gallagher & Co by 97.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock worth $71,132,000 after buying an additional 614,788 shares during the last quarter. Finally, Swiss National Bank grew its stake in Arthur J Gallagher & Co by 3.1% during the 2nd quarter. Swiss National Bank now owns 650,685 shares of the financial services provider’s stock worth $37,252,000 after buying an additional 19,700 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

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About Arthur J Gallagher & Co

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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