ValuEngine Downgrades Arthur J Gallagher & Co (NYSE:AJG) to Hold

Arthur J Gallagher & Co (NYSE:AJG) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday, ValuEngine reports.

A number of other equities analysts also recently weighed in on the stock. Wells Fargo & Co lifted their target price on shares of Arthur J Gallagher & Co from $93.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. Royal Bank of Canada set a $90.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “hold” rating in a research note on Friday, July 26th. SunTrust Banks lifted their target price on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Credit Suisse Group reissued an “outperform” rating and set a $93.00 target price (up previously from $88.00) on shares of Arthur J Gallagher & Co in a research note on Wednesday, August 7th. Finally, Barclays set a $107.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Arthur J Gallagher & Co presently has a consensus rating of “Hold” and a consensus target price of $91.63.

Shares of AJG stock traded up $1.91 during trading hours on Wednesday, hitting $89.02. 573,857 shares of the company’s stock traded hands, compared to its average volume of 997,714. The stock’s 50 day simple moving average is $89.01 and its 200 day simple moving average is $86.18. The stock has a market cap of $16.56 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. Arthur J Gallagher & Co has a 12 month low of $68.19 and a 12 month high of $92.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.77.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Arthur J Gallagher & Co had a net margin of 9.77% and a return on equity of 14.19%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.62 earnings per share. Arthur J Gallagher & Co’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Arthur J Gallagher & Co will post 3.64 EPS for the current fiscal year.

In other Arthur J Gallagher & Co news, insider Susan E. Pietrucha sold 18,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $90.33, for a total value of $1,625,940.00. Following the completion of the sale, the insider now directly owns 4,967 shares in the company, valued at $448,669.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kay W. Mccurdy sold 2,250 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $90.84, for a total transaction of $204,390.00. Following the completion of the sale, the director now owns 30,232 shares of the company’s stock, valued at $2,746,274.88. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock valued at $2,037,330 in the last three months. 1.30% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Advisor Partners LLC grew its holdings in Arthur J Gallagher & Co by 3.0% in the second quarter. Advisor Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 109 shares during the period. Commonwealth Bank of Australia grew its holdings in Arthur J Gallagher & Co by 35.6% in the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 126 shares during the period. Hanseatic Management Services Inc. grew its holdings in Arthur J Gallagher & Co by 6.9% in the second quarter. Hanseatic Management Services Inc. now owns 2,124 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 138 shares during the period. HBK Sorce Advisory LLC grew its holdings in Arthur J Gallagher & Co by 4.6% in the second quarter. HBK Sorce Advisory LLC now owns 3,125 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 138 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Arthur J Gallagher & Co by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 26,499 shares of the financial services provider’s stock worth $2,068,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 81.62% 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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