Arthur J. Gallagher & Co. (NYSE:AJG) had its target price boosted by Citigroup Inc. from $56.00 to $57.00 in a report published on Tuesday. They currently have a buy rating on the stock.

AJG has been the subject of several other reports. Keefe, Bruyette & Woods raised their price objective on Arthur J. Gallagher & Co. from $55.00 to $57.00 and gave the stock an outperform rating in a research note on Monday, August 1st. Barclays PLC reissued an overweight rating and set a $52.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 26th. JPMorgan Chase & Co. restated a sell rating and issued a $45.00 target price on shares of Arthur J. Gallagher & Co. in a report on Friday, July 29th. BMO Capital Markets restated an outperform rating and issued a $58.00 target price (up previously from $52.00) on shares of Arthur J. Gallagher & Co. in a report on Tuesday, July 12th. Finally, Compass Point increased their target price on Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the company a buy rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $51.69.

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

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 1.24% during midday trading on Tuesday, reaching $50.44. The company’s stock had a trading volume of 104,762 shares. The stock’s 50-day moving average price is $50.01 and its 200-day moving average price is $47.90. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 22.86 and a beta of 1.17. Arthur J. Gallagher & Co. has a 12 month low of $35.96 and a 12 month high of $51.24.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The business earned $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Arthur J. Gallagher & Co. had a return on equity of 12.89% and a net margin of 7.11%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. Analysts predict that Arthur J. Gallagher & Co. will post $2.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Wednesday, August 31st. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 69.09%.

In related news, Director David S. Johnson sold 3,125 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $49.69, for a total transaction of $155,281.25. Following the sale, the director now directly owns 49,003 shares of the company’s stock, valued at $2,434,959.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Douglas K. Howell sold 9,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $50.10, for a total value of $450,900.00. Following the sale, the chief financial officer now directly owns 43,018 shares in the company, valued at $2,155,201.80. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Arthur J. Gallagher & Co. by 23.4% in the second quarter. Vanguard Group Inc. now owns 15,749,325 shares of the company’s stock worth $749,668,000 after buying an additional 2,987,125 shares during the period. State Street Corp increased its stake in Arthur J. Gallagher & Co. by 22.9% in the second quarter. State Street Corp now owns 7,802,461 shares of the company’s stock worth $371,397,000 after buying an additional 1,456,359 shares during the period. Kleinwort Benson Investors Dublin Ltd purchased a new stake in Arthur J. Gallagher & Co. during the second quarter worth $37,142,000. Virginia Retirement Systems ET AL purchased a new stake in Arthur J. Gallagher & Co. during the second quarter worth $24,390,000. Finally, Royal Bank of Canada increased its stake in Arthur J. Gallagher & Co. by 381.0% in the second quarter. Royal Bank of Canada now owns 630,386 shares of the company’s stock worth $30,008,000 after buying an additional 499,318 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is 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. The Company provides insurance, brokerage and risk management services to a range of commercial, industrial, institutional and governmental organizations through its operating segments.

5 Day Chart for NYSE:AJG

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