Arthur J. Gallagher & Co. (NYSE:AJG) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other equities analysts have also recently weighed in on the stock. Barclays PLC reissued an “overweight” rating and issued a $52.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 26th. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Citigroup Inc. raised their target price on shares of Arthur J. Gallagher & Co. from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Compass Point raised their target price on shares of Arthur J. Gallagher & Co. from $51.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $47.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Monday, September 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.69.

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

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 50.86 on Tuesday. The company has a market capitalization of $9.05 billion, a P/E ratio of 23.70 and a beta of 1.10. Arthur J. Gallagher & Co. has a 12-month low of $35.96 and a 12-month high of $52.34. The company has a 50 day moving average of $49.68 and a 200-day moving average of $48.76.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Arthur J. Gallagher & Co. had a net margin of 6.88% and a return on equity of 12.86%. The business earned $1.48 billion during the quarter, compared to analysts’ expectations of $388.20 million. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post $2.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 71.03%.

In related news, insider Susan E. Pietrucha sold 6,955 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $50.35, for a total value of $350,184.25. Following the completion of the transaction, the insider now owns 6,955 shares of the company’s stock, valued at $350,184.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kay W. Mccurdy sold 3,375 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $51.20, for a total value of $172,800.00. Following the completion of the transaction, the director now directly owns 34,470 shares of the company’s stock, valued at approximately $1,764,864. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AJG. Creative Planning increased its position in Arthur J. Gallagher & Co. by 3.9% in the second quarter. Creative Planning now owns 2,280 shares of the company’s stock worth $109,000 after buying an additional 85 shares during the period. Mizuho Asset Management Co. Ltd. bought a new position in Arthur J. Gallagher & Co. during the second quarter worth approximately $110,000. Seven Eight Capital LLC bought a new position in Arthur J. Gallagher & Co. during the second quarter worth approximately $114,000. Global X Management Co. LLC bought a new position in Arthur J. Gallagher & Co. during the second quarter worth approximately $125,000. Finally, Washington Trust Bank increased its position in Arthur J. Gallagher & Co. by 33.1% in the second quarter. Washington Trust Bank now owns 3,501 shares of the company’s stock worth $167,000 after buying an additional 870 shares during the period. 81.67% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Company Profile

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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