Arthur J Gallagher & Co (AJG) Given Consensus Recommendation of “Buy” by Analysts

Arthur J Gallagher & Co (NYSE:AJG) has received an average recommendation of “Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $67.88.

A number of research firms have weighed in on AJG. ValuEngine lowered shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada reiterated a “hold” rating and set a $64.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, December 8th. Wells Fargo & Co set a $74.00 target price on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $77.00 target price on shares of Arthur J Gallagher & Co in a research report on Friday, December 22nd.

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded up $0.04 during trading on Tuesday, hitting $63.55. 1,004,100 shares of the company traded hands, compared to its average volume of 905,580. The company has a market cap of $11,490.00, a price-to-earnings ratio of 25.42, a PEG ratio of 1.91 and a beta of 1.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66. Arthur J Gallagher & Co has a 12 month low of $51.96 and a 12 month high of $67.32.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.56 annualized dividend and a yield of 2.45%. Arthur J Gallagher & Co’s payout ratio is 62.40%.

In other news, Director Frank E. Jr. English sold 1,500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the completion of the sale, the director now owns 10,600 shares in the company, valued at approximately $674,902. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AJG. Invictus RG bought a new stake in shares of Arthur J Gallagher & Co in the 3rd quarter worth $130,000. Pacer Advisors Inc. grew its stake in shares of Arthur J Gallagher & Co by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 261 shares in the last quarter. Eagle Boston Investment Management Inc. bought a new stake in shares of Arthur J Gallagher & Co in the 3rd quarter worth $201,000. Coldstream Capital Management Inc. bought a new stake in shares of Arthur J Gallagher & Co in the 2nd quarter worth $202,000. Finally, Doyle Wealth Management bought a new stake in shares of Arthur J Gallagher & Co in the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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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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