Deutsche Bank AG downgraded shares of Arthur J. Gallagher & Co. (NYSE:AJG) from a buy rating to a hold rating in a research report report published on Wednesday. They currently have $64.00 price target on the financial services provider’s stock.

AJG has been the subject of several other reports. BidaskClub lowered Arthur J. Gallagher & Co. from a buy rating to a hold rating in a research note on Wednesday, July 19th. Wells Fargo & Company restated a buy rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Arthur J. Gallagher & Co. from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Barclays PLC upped their price target on Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an overweight rating in a research note on Monday, July 3rd. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $62.00 price target on shares of Arthur J. Gallagher & Co. in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $62.71.

Arthur J. Gallagher & Co. (AJG) traded up 0.32% during trading on Wednesday, reaching $61.80. The company’s stock had a trading volume of 472,013 shares. The company has a market capitalization of $11.13 billion, a P/E ratio of 24.92 and a beta of 1.21. The company’s 50-day moving average is $59.59 and its 200-day moving average is $57.68. Arthur J. Gallagher & Co. has a 1-year low of $47.16 and a 1-year high of $62.07.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.01. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. Equities analysts anticipate that Arthur J. Gallagher & Co. will post $3.02 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.39 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.52%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 62.90%.

In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $59.98, for a total transaction of $597,820.66. Following the completion of the sale, the chief financial officer now owns 47,767 shares in the company, valued at approximately $2,865,064.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan E. Pietrucha sold 6,932 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.28, for a total value of $410,928.96. Following the sale, the insider now owns 3,253 shares of the company’s stock, valued at approximately $192,837.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,500 shares of company stock valued at $1,804,115. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AJG. UBS Asset Management Americas Inc. grew its stake in Arthur J. Gallagher & Co. by 13.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 460,928 shares of the financial services provider’s stock valued at $26,061,000 after purchasing an additional 56,077 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Arthur J. Gallagher & Co. by 4.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,688 shares of the financial services provider’s stock worth $378,000 after buying an additional 305 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Arthur J. Gallagher & Co. by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock worth $180,000 after buying an additional 99 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Arthur J. Gallagher & Co. by 6.9% during the 1st quarter. Nordea Investment Management AB now owns 22,010 shares of the financial services provider’s stock worth $1,244,000 after buying an additional 1,429 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Arthur J. Gallagher & Co. by 4.1% during the 1st quarter. Prudential Financial Inc. now owns 247,908 shares of the financial services provider’s stock worth $14,017,000 after buying an additional 9,700 shares during the last quarter. Hedge funds and other institutional investors own 81.29% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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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