Wells Fargo & Co restated their buy rating on shares of Arthur J Gallagher & Co (NYSE:AJG) in a research report sent to investors on Thursday. The brokerage currently has a $85.00 price objective on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. Citigroup set a $78.00 price target on Arthur J Gallagher & Co and gave the stock a hold rating in a research report on Friday, October 12th. ValuEngine raised Arthur J Gallagher & Co from a hold rating to a buy rating in a research report on Tuesday, October 2nd. Credit Suisse Group began coverage on Arthur J Gallagher & Co in a research report on Tuesday, August 7th. They set an outperform rating and a $84.00 price target for the company. William Blair reaffirmed a buy rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Finally, SunTrust Banks reaffirmed a buy rating on shares of Arthur J Gallagher & Co in a research report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $78.20.

NYSE AJG opened at $74.03 on Thursday. Arthur J Gallagher & Co has a 52-week low of $61.91 and a 52-week high of $76.49. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $13.52 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Arthur J Gallagher & Co had a return on equity of 15.67% and a net margin of 9.04%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.69 billion. As a group, sell-side analysts expect that Arthur J Gallagher & Co will post 3.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 6th. Arthur J Gallagher & Co’s payout ratio is presently 53.59%.

In other news, Director Kay W. Mccurdy sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $71.10, for a total value of $248,850.00. Following the completion of the sale, the director now owns 32,632 shares of the company’s stock, valued at approximately $2,320,135.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Richard C. Cary sold 12,667 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $71.95, for a total value of $911,390.65. Following the completion of the sale, the chief accounting officer now directly owns 34,793 shares of the company’s stock, valued at approximately $2,503,356.35. The disclosure for this sale can be found here. In the last three months, insiders sold 43,752 shares of company stock valued at $3,193,109. 1.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Arthur J Gallagher & Co in the 2nd quarter valued at approximately $240,671,000. Millennium Management LLC boosted its holdings in shares of Arthur J Gallagher & Co by 136.2% in the 2nd quarter. Millennium Management LLC now owns 2,030,149 shares of the financial services provider’s stock valued at $132,528,000 after buying an additional 1,170,683 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Arthur J Gallagher & Co by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,207,870 shares of the financial services provider’s stock valued at $83,016,000 after buying an additional 10,705 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Arthur J Gallagher & Co by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,073,623 shares of the financial services provider’s stock valued at $79,920,000 after acquiring an additional 59,390 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Arthur J Gallagher & Co by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 952,776 shares of the financial services provider’s stock valued at $62,198,000 after acquiring an additional 58,180 shares during the period. 81.99% of the stock is owned by institutional investors.

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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