Arthur J Gallagher & Co (AJG) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Arthur J Gallagher & Co (NYSE:AJG) from a hold rating to a buy rating in a report published on Monday morning. The firm currently has $71.00 price target on the financial services provider’s stock.

According to Zacks, “Shares of Arthur J. Gallagher have outperformed the industry, in a year's time. Arthur J. Gallagher’s inorganic story seems impressive with strategic buyouts, with the company intending to pursue smaller tuck-in mergers in 2017. It remains focused on tapping opportunities in the U.K., Australia, New Zealand, Canada and the U.S. The company remains focused on enhancing productivity and quality that is a part of its value creation strategy. A solid performance is leading to sufficient cash flows help it deploy capital in shareholder-friendly moves. However, escalating expenses and weak commercial P&C rates pose concerns. Adverse foreign exchange also will weigh on results. It is set to release fourth quarter results on Jan 25. A Zacks Rank #2 increases the predictive power of a beat, but combined with the Earnings ESP of -0.45%, makes prediction difficult.”

Other research analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the company an overweight rating in a report on Monday, October 16th. Royal Bank of Canada reiterated a hold rating and issued a $59.00 price target on shares of Arthur J Gallagher & Co in a report on Tuesday, October 10th. Deutsche Bank cut shares of Arthur J Gallagher & Co from a buy rating to a hold rating and set a $64.00 price target for the company. in a report on Wednesday, October 4th. Wells Fargo & Co set a $74.00 price target on shares of Arthur J Gallagher & Co and gave the company a buy rating in a report on Friday, December 8th. Finally, ValuEngine cut shares of Arthur J Gallagher & Co from a buy rating to a hold rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $68.22.

Arthur J Gallagher & Co (NYSE AJG) traded down $0.02 during trading on Monday, hitting $64.03. 782,200 shares of the stock traded hands, compared to its average volume of 833,792. The firm has a market capitalization of $11,580.18, a PE ratio of 25.61, a PEG ratio of 1.72 and a beta of 1.23. Arthur J Gallagher & Co has a 12 month low of $52.51 and a 12 month high of $67.32. 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 released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. equities research analysts forecast that Arthur J Gallagher & Co will post 2.99 EPS for the current fiscal year.

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

A number of hedge funds have recently made changes to their positions in AJG. Federated Investors Inc. PA lifted its stake in Arthur J Gallagher & Co by 39.6% in the second quarter. Federated Investors Inc. PA now owns 4,498 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 1,277 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Arthur J Gallagher & Co by 8.4% in the second quarter. Wells Fargo & Company MN now owns 438,354 shares of the financial services provider’s stock valued at $25,097,000 after acquiring an additional 33,782 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in Arthur J Gallagher & Co by 5.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 36,451 shares of the financial services provider’s stock valued at $2,087,000 after acquiring an additional 1,936 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Arthur J Gallagher & Co by 1.0% in the second quarter. Alliancebernstein L.P. now owns 362,611 shares of the financial services provider’s stock valued at $20,759,000 after acquiring an additional 3,457 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in Arthur J Gallagher & Co by 4.8% in the second quarter. Riverhead Capital Management LLC now owns 5,969 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 82.52% 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.

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