Arthur J Gallagher & Co (NYSE:AJG) had its price objective boosted by Citigroup from $67.00 to $69.00 in a research report sent to investors on Friday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other analysts also recently commented on AJG. SunTrust Banks reaffirmed a buy rating and set a $75.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a hold rating to a strong-buy rating and set a $81.00 price objective for the company in a research report on Monday, January 29th. Wells Fargo & Co reaffirmed a buy rating and set a $74.00 price objective on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Barclays raised their price objective on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an overweight rating in a research report on Monday, October 16th. Finally, ValuEngine downgraded shares of Arthur J Gallagher & Co from a buy rating to a hold rating in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Arthur J Gallagher & Co has a consensus rating of Buy and a consensus price target of $71.44.

Arthur J Gallagher & Co (AJG) traded up $0.54 during trading hours on Friday, reaching $64.94. 1,728,255 shares of the company’s stock were exchanged, compared to its average volume of 1,301,413. The firm has a market cap of $11,658.91, a P/E ratio of 25.57, a PEG ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.08. Arthur J Gallagher & Co has a twelve month low of $54.47 and a twelve month high of $70.55.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.48 billion. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. research analysts expect that Arthur J Gallagher & Co will post 3.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.64 annualized dividend and a yield of 2.53%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 61.42%.

In related news, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the sale, the vice president now owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Walter D. Bay sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.15, for a total transaction of $105,225.00. Following the completion of the sale, the general counsel now directly owns 13,284 shares of the company’s stock, valued at approximately $931,872.60. The disclosure for this sale can be found here. In the last three months, insiders sold 20,600 shares of company stock valued at $1,404,129. 1.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. grew its position in Arthur J Gallagher & Co by 3.3% in the 4th quarter. Suntrust Banks Inc. now owns 46,594 shares of the financial services provider’s stock valued at $2,948,000 after purchasing an additional 1,474 shares during the period. Norinchukin Bank The grew its position in Arthur J Gallagher & Co by 9.4% in the 4th quarter. Norinchukin Bank The now owns 12,193 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 1,045 shares during the period. Ontario Teachers Pension Plan Board grew its position in Arthur J Gallagher & Co by 1.1% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 165,445 shares of the financial services provider’s stock valued at $10,469,000 after purchasing an additional 1,799 shares during the period. American International Group Inc. grew its position in Arthur J Gallagher & Co by 13.9% in the 4th quarter. American International Group Inc. now owns 61,173 shares of the financial services provider’s stock valued at $3,871,000 after purchasing an additional 7,457 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Arthur J Gallagher & Co by 150.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 15,248 shares of the financial services provider’s stock valued at $965,000 after purchasing an additional 9,148 shares during the period. 82.04% of the stock is owned by institutional investors and hedge funds.

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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)

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