Arthur J. Gallagher & Co. (NYSE:AJG)‘s stock had its “buy” rating restated by analysts at Keefe, Bruyette & Woods in a report released on Friday. They presently have a $62.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.17% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada restated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, April 28th. BidaskClub lowered Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Citigroup Inc. increased their price target on Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.33.
Shares of Arthur J. Gallagher & Co. (AJG) traded up 0.17% on Friday, hitting $57.95. The stock had a trading volume of 405,398 shares. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $59.64. The stock has a market cap of $10.44 billion, a P/E ratio of 23.37 and a beta of 1.19. The firm’s 50-day moving average is $58.19 and its 200 day moving average is $56.77.
Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post $3.00 EPS for the current year.
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In other Arthur J. Gallagher & Co. news, VP William F. Ziebell sold 7,764 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $56.59, for a total transaction of $439,364.76. Following the transaction, the vice president now owns 8,495 shares of the company’s stock, valued at approximately $480,732.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Susan E. Pietrucha sold 4,133 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $56.06, for a total value of $231,695.98. Following the transaction, the insider now directly owns 112 shares in the company, valued at approximately $6,278.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,829 shares of company stock worth $2,904,780. Company insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its position in Arthur J. Gallagher & Co. by 4.7% in the first quarter. HighTower Advisors LLC now owns 24,186 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 1,087 shares during the period. BB&T Securities LLC increased its position in Arthur J. Gallagher & Co. by 59.9% in the first quarter. BB&T Securities LLC now owns 37,437 shares of the financial services provider’s stock worth $2,116,000 after buying an additional 14,029 shares during the period. Legal & General Group Plc increased its position in Arthur J. Gallagher & Co. by 4.6% in the first quarter. Legal & General Group Plc now owns 837,848 shares of the financial services provider’s stock worth $47,373,000 after buying an additional 36,905 shares during the period. Guinness Asset Management Ltd increased its position in Arthur J. Gallagher & Co. by 16.1% in the second quarter. Guinness Asset Management Ltd now owns 204,392 shares of the financial services provider’s stock worth $11,701,000 after buying an additional 28,399 shares during the period. Finally, Prudential Financial Inc. increased its position in Arthur J. Gallagher & Co. by 4.1% in the first quarter. Prudential Financial Inc. now owns 247,908 shares of the financial services provider’s stock worth $14,017,000 after buying an additional 9,700 shares during the period. 83.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
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