Arthur J. Gallagher & Co. (NYSE:AJG)‘s stock had its “buy” rating reiterated by analysts at Wells Fargo & Company in a research note issued to investors on Sunday. They currently have a $66.00 price objective on the financial services provider’s stock. Wells Fargo & Company’s target price would suggest a potential upside of 9.19% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Citigroup Inc. raised their target price on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating and set a $54.00 target price on shares of Arthur J. Gallagher & Co. in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 target price on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $62.50.

Arthur J. Gallagher & Co. (AJG) traded down 0.15% during trading on Friday, reaching $60.29. 406,764 shares of the company were exchanged. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $61.44. The firm has a market capitalization of $10.86 billion, a PE ratio of 24.31 and a beta of 1.20. The stock has a 50 day moving average price of $58.73 and a 200 day moving average price of $57.27.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

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In other news, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $57.78, for a total transaction of $208,065.78. Following the completion of the sale, the insider now directly owns 4,055 shares in the company, valued at $234,297.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas K. Howell sold 9,967 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the sale, the chief financial officer now owns 47,767 shares of the company’s stock, valued at $2,865,064.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,500 shares of company stock valued at $1,804,115. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AJG. BlackRock Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 3,503.7% during the first quarter. BlackRock Inc. now owns 13,986,032 shares of the financial services provider’s stock worth $790,770,000 after buying an additional 13,597,930 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 182.4% in the first quarter. Victory Capital Management Inc. now owns 3,273,190 shares of the financial services provider’s stock worth $185,065,000 after acquiring an additional 2,114,276 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 785.9% in the second quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock worth $135,269,000 after acquiring an additional 2,096,062 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Arthur J. Gallagher & Co. by 8,471.3% in the second quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock worth $106,081,000 after acquiring an additional 1,831,326 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 4,730.8% in the second quarter. American Century Companies Inc. now owns 1,550,935 shares of the financial services provider’s stock worth $88,791,000 after acquiring an additional 1,518,830 shares during the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

About Arthur J. Gallagher & Co.

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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