Arthur J Gallagher & Co (NYSE:AJG) has been given a $74.00 price target by stock analysts at Wells Fargo & Company in a report issued on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s price objective would indicate a potential upside of 15.66% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays increased their price target on Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $59.00 price target on shares of Arthur J Gallagher & Co in a report on Tuesday, October 10th. Deutsche Bank downgraded 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. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price target on shares of Arthur J Gallagher & Co in a report on Friday, August 18th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $66.00.

Shares of Arthur J Gallagher & Co (NYSE:AJG) opened at $63.98 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. Arthur J Gallagher & Co has a fifty-two week low of $50.86 and a fifty-two week high of $67.32. The firm has a market capitalization of $11,612.72, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.16 and a beta of 1.23.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Arthur J Gallagher & Co had a return on equity of 13.56% and a net margin of 7.62%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. analysts anticipate that Arthur J Gallagher & Co will post 2.99 EPS for the current year.

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

A number of large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in shares of Arthur J Gallagher & Co by 8.5% in the second quarter. Janney Montgomery Scott LLC now owns 7,088 shares of the financial services provider’s stock valued at $406,000 after buying an additional 555 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Arthur J Gallagher & Co by 18.4% in the second quarter. Global X Management Co. LLC now owns 7,756 shares of the financial services provider’s stock valued at $444,000 after buying an additional 1,205 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Arthur J Gallagher & Co in the second quarter valued at $292,000. Schwab Charles Investment Management Inc. increased its position in shares of Arthur J Gallagher & Co by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 797,998 shares of the financial services provider’s stock valued at $45,686,000 after buying an additional 58,734 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Arthur J Gallagher & Co by 4.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 24,820 shares of the financial services provider’s stock valued at $1,460,000 after buying an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 82.55% 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.

Analyst Recommendations for Arthur J Gallagher & Co (NYSE:AJG)

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