Arthur J. Gallagher & Co. (NYSE:AJG) had its price target upped by investment analysts at Citigroup Inc. from $60.00 to $62.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup Inc.’s target price would suggest a potential upside of 5.42% from the company’s current price.

A number of other brokerages also recently weighed in on AJG. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Arthur J. Gallagher & Co. in a report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price objective on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. Finally, Barclays PLC raised their price objective on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. One equities research 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’s stock. The company has an average rating of “Hold” and a consensus target price of $59.00.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 58.81 on Monday. The company has a market cap of $10.60 billion, a P/E ratio of 23.71 and a beta of 1.19. The company’s 50 day moving average is $57.94 and its 200-day moving average is $56.42. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $59.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

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In related news, VP William F. Ziebell sold 7,764 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $56.59, for a total transaction of $439,364.76. Following the completion of the sale, the vice president now owns 8,495 shares in the company, valued at approximately $480,732.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total transaction of $587,300.00. Following the sale, the vice president now owns 96,186 shares of the company’s stock, valued at approximately $5,649,003.78. The disclosure for this sale can be found here. Insiders have sold a total of 49,829 shares of company stock valued at $2,904,780 over the last ninety days. 1.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,578,425 shares of the financial services provider’s stock worth $993,885,000 after buying an additional 575,651 shares during the period. BlackRock Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 3,503.7% in the first quarter. BlackRock Inc. now owns 13,986,032 shares of the financial services provider’s stock worth $790,770,000 after buying an additional 13,597,930 shares during the period. State Street Corp boosted its stake in shares of Arthur J. Gallagher & Co. by 2.5% in the first quarter. State Street Corp now owns 8,961,966 shares of the financial services provider’s stock worth $506,716,000 after buying an additional 220,949 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 9.9% in the second quarter. Victory Capital Management Inc. now owns 3,598,595 shares of the financial services provider’s stock worth $206,020,000 after buying an additional 325,405 shares during the period. Finally, Thomaspartners Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 6.7% in the first quarter. Thomaspartners Inc. now owns 3,291,187 shares of the financial services provider’s stock worth $186,084,000 after buying an additional 207,041 shares during the period. Institutional investors and hedge funds own 82.16% of the company’s stock.

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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