Arthur J Gallagher & Co (AJG) Given Buy Rating at Wells Fargo & Co

Wells Fargo & Co reaffirmed their buy rating on shares of Arthur J Gallagher & Co (NYSE:AJG) in a report released on Thursday morning. Wells Fargo & Co currently has a $85.00 target price on the financial services provider’s stock.

Several other research analysts have also recently weighed in on AJG. SunTrust Banks reiterated a buy rating on shares of Arthur J Gallagher & Co in a research report on Thursday, July 26th. Royal Bank of Canada reiterated a hold rating and set a $73.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, July 27th. Credit Suisse Group started coverage on Arthur J Gallagher & Co in a research report on Tuesday, August 7th. They set an outperform rating and a $84.00 price objective on the stock. William Blair reiterated a buy rating on shares of Arthur J Gallagher & Co in a research report on Thursday, August 16th. Finally, ValuEngine upgraded Arthur J Gallagher & Co from a hold rating to a buy rating in a research report on Tuesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $78.20.

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



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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis 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 currently 53.59%.

In related news, General Counsel Walter D. Bay sold 3,985 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $75.09, for a total value of $299,233.65. Following the transaction, the general counsel now owns 16,269 shares in the company, valued at $1,221,639.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kay W. Mccurdy sold 3,500 shares of the firm’s stock in a transaction 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 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. Insiders sold 43,752 shares of company stock worth $3,193,109 in the last 90 days. 1.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Union Bankshares Corp boosted its stake in Arthur J Gallagher & Co by 1.7% in the third quarter. Union Bankshares Corp now owns 42,082 shares of the financial services provider’s stock valued at $3,132,000 after buying an additional 698 shares in the last quarter. Tompkins Financial Corp boosted its stake in Arthur J Gallagher & Co by 1.7% in the second quarter. Tompkins Financial Corp now owns 43,562 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 735 shares in the last quarter. Tyers Asset Management LLC boosted its stake in Arthur J Gallagher & Co by 11.0% in the second quarter. Tyers Asset Management LLC now owns 7,524 shares of the financial services provider’s stock valued at $491,000 after buying an additional 748 shares in the last quarter. Eastern Bank boosted its stake in Arthur J Gallagher & Co by 2.6% in the second quarter. Eastern Bank now owns 29,290 shares of the financial services provider’s stock valued at $1,912,000 after buying an additional 753 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Arthur J Gallagher & Co by 92.3% in the second quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock valued at $103,000 after buying an additional 758 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

About Arthur J Gallagher & Co

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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