Arthur J Gallagher & Co (NYSE:AJG) has been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $75.67.

A number of brokerages have recently commented on AJG. William Blair restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. Credit Suisse Group began coverage on shares of Arthur J Gallagher & Co in a report on Tuesday, August 7th. They set an “outperform” rating and a $84.00 target price on the stock. Wells Fargo & Co restated a “buy” rating and set a $78.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Royal Bank of Canada restated a “hold” rating and set a $73.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Finally, SunTrust Banks restated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th.

Shares of AJG stock traded up $0.58 during mid-day trading on Friday, reaching $75.61. 16,609 shares of the company’s stock traded hands, compared to its average volume of 962,292. Arthur J Gallagher & Co has a 12 month low of $60.26 and a 12 month high of $75.27. The stock has a market cap of $13.68 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.15. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, July 26th. The financial services provider reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. Arthur J Gallagher & Co had a net margin of 9.34% and a return on equity of 15.93%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. sell-side analysts forecast that Arthur J Gallagher & Co will post 3.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 6th. Arthur J Gallagher & Co’s payout ratio is 53.59%.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 3,985 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $75.09, for a total transaction of $299,233.65. Following the transaction, the general counsel now owns 16,269 shares in the company, valued at approximately $1,221,639.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kay W. Mccurdy sold 3,500 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $71.10, for a total transaction of $248,850.00. Following the transaction, the director now owns 32,632 shares in the company, valued at approximately $2,320,135.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,752 shares of company stock worth $3,193,109. 1.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dupont Capital Management Corp lifted its stake in Arthur J Gallagher & Co by 92.3% during the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 758 shares during the period. Braun Bostich & Associates Inc. lifted its stake in Arthur J Gallagher & Co by 528.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,491 shares during the period. Point72 Hong Kong Ltd bought a new position in Arthur J Gallagher & Co during the 2nd quarter valued at about $127,000. HRT Financial LLC bought a new position in Arthur J Gallagher & Co during the 2nd quarter valued at about $208,000. Finally, CIBC World Markets Inc. bought a new position in Arthur J Gallagher & Co during the 1st quarter valued at about $210,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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