Arthur J. Gallagher & Co. (NYSE:AJG)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $48.70 and last traded at $48.68, with a volume of 593,387 shares trading hands. The stock had previously closed at $48.00.

Several equities analysts recently commented on AJG shares. William Blair raised shares of Arthur J. Gallagher & Co. from an “underweight” rating to a “market perform” rating in a research note on Monday, March 21st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 15th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Saturday, April 30th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.62.

The stock’s 50 day moving average price is $47.37 and its 200 day moving average price is $43.30. The firm has a market capitalization of $8.63 billion and a P/E ratio of 22.46.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The business earned $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. Arthur J. Gallagher & Co.’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Equities analysts forecast that Arthur J. Gallagher & Co. will post $2.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Wednesday, June 1st.

A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Arthur J. Gallagher & Co. by 31.0% in the fourth quarter. Morgan Stanley now owns 1,260,700 shares of the company’s stock worth $51,614,000 after buying an additional 298,429 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Arthur J. Gallagher & Co. by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 802,948 shares of the company’s stock worth $32,872,000 after buying an additional 27,231 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Arthur J. Gallagher & Co. by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 536,977 shares of the company’s stock worth $21,985,000 after buying an additional 30,775 shares during the last quarter. First Trust Advisors LP boosted its stake in Arthur J. Gallagher & Co. by 3.9% in the fourth quarter. First Trust Advisors LP now owns 375,400 shares of the company’s stock worth $15,369,000 after buying an additional 14,244 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Arthur J. Gallagher & Co. by 5.8% in the fourth quarter. Swiss National Bank now owns 317,085 shares of the company’s stock worth $12,981,000 after buying an additional 17,400 shares during the last quarter.

Arthur J. Gallagher & Co is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Company’s brokers, agents and administrators act as intermediaries between insurers and their customers.

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