Arthur J. Gallagher & Co. (NYSE:AJG) shares reached a new 52-week high on Monday . The company traded as high as $49.45 and last traded at $49.39, with a volume of 788,318 shares traded. The stock had previously closed at $49.16.

A number of research firms have weighed in on AJG. Credit Suisse Group AG reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Saturday, April 30th. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, May 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $58.00 price objective (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, July 12th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Arthur J. Gallagher & Co. presently has a consensus rating of “Buy” and a consensus price target of $49.31.

The firm has a 50 day moving average of $47.68 and a 200 day moving average of $43.96. The stock has a market cap of $8.77 billion and a PE ratio of 22.84.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, April 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts predict that Arthur J. Gallagher & Co. will post $2.80 EPS for the current fiscal year.

Other large investors recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 1.7% in the fourth quarter. Ameritas Investment Partners Inc. now owns 26,668 shares of the company’s stock worth $1,092,000 after buying an additional 449 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Arthur J. Gallagher & Co. by 1.2% in the fourth quarter. Gulf International Bank UK Ltd now owns 51,530 shares of the company’s stock valued at $2,110,000 after buying an additional 600 shares during the period. Alley Co LLC increased its position in Arthur J. Gallagher & Co. by 1.1% in the fourth quarter. Alley Co LLC now owns 77,847 shares of the company’s stock valued at $3,187,000 after buying an additional 836 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Arthur J. Gallagher & Co. by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,229 shares of the company’s stock valued at $2,097,000 after buying an additional 840 shares during the period. Finally, Rench Wealth Management Inc. increased its position in Arthur J. Gallagher & Co. by 1.3% in the fourth quarter. Rench Wealth Management Inc. now owns 75,935 shares of the company’s stock valued at $3,109,000 after buying an additional 973 shares during the period.

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

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