Arthur J. Gallagher & Co. (NYSE:AJG) had its price target hoisted by equities research analysts at Barclays PLC from $66.00 to $68.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays PLC’s price target indicates a potential upside of 16.02% from the stock’s previous close.

A number of other research analysts have also weighed in on AJG. Citigroup Inc. boosted their target price on shares of Arthur J. Gallagher & Co. from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research 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 research report on Friday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average target price of $59.33.

Arthur J. Gallagher & Co. (NYSE:AJG) opened at 58.61 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $59.64. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.63 and a beta of 1.19. The company has a 50 day moving average price of $57.96 and a 200 day moving average price of $56.59.

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

TRADEMARK VIOLATION WARNING: This report was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/11/arthur-j-gallagher-co-ajg-pt-raised-to-68-00-at-barclays-plc.html.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 20,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $58.85, for a total transaction of $1,177,000.00. Following the sale, the chief financial officer now directly owns 47,800 shares of the company’s stock, valued at $2,813,030. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank E. Jr. English sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $58.49, for a total transaction of $58,490.00. Following the sale, the director now directly owns 12,100 shares in the company, valued at $707,729. The disclosure for this sale can be found here. Insiders have sold 49,829 shares of company stock worth $2,904,780 over the last ninety days. Insiders own 1.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Amalgamated Bank boosted its stake in shares of Arthur J. Gallagher & Co. by 26.6% in the second quarter. Amalgamated Bank now owns 35,862 shares of the financial services provider’s stock valued at $2,053,000 after buying an additional 7,541 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 1.3% in the second quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock valued at $811,425,000 after buying an additional 187,329 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Arthur J. Gallagher & Co. by 8.5% in the second quarter. Nationwide Fund Advisors now owns 318,998 shares of the financial services provider’s stock valued at $18,263,000 after buying an additional 25,123 shares in the last quarter. Comerica Securities Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 0.5% in the second quarter. Comerica Securities Inc. now owns 53,719 shares of the financial services provider’s stock valued at $3,075,000 after buying an additional 279 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in shares of Arthur J. Gallagher & Co. during the second quarter valued at $544,000. 82.16% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Company Profile

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)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.