Arthur J. Gallagher & Co. (NYSE:AJG)‘s stock had its “hold” rating reiterated by analysts at Royal Bank Of Canada in a research report issued on Tuesday. They presently have a $59.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 4.22% from the stock’s previous close.

A number of other equities analysts have also issued reports on AJG. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. BidaskClub lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Barclays PLC upped their target price on shares of Arthur J. Gallagher & Co. from $61.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Citigroup Inc. upped their target price on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $63.43.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 61.60 on Tuesday. The company has a market cap of $11.10 billion, a PE ratio of 24.84 and a beta of 1.21. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $62.12. The stock’s 50 day moving average price is $59.89 and its 200-day moving average price is $57.81.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $0.96 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post $3.02 earnings per share for the current year.

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In related news, CFO Douglas K. Howell sold 9,967 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total value of $597,820.66. Following the transaction, the chief financial officer now directly owns 47,767 shares in the company, valued at $2,865,064.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan E. Pietrucha sold 6,932 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.28, for a total transaction of $410,928.96. Following the completion of the transaction, the insider now owns 3,253 shares in the company, valued at $192,837.84. The disclosure for this sale can be found here. Insiders sold 30,500 shares of company stock worth $1,804,115 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Arthur J. Gallagher & Co. by 3.2% in the second quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after buying an additional 571,235 shares during the period. BlackRock Inc. lifted its holdings in Arthur J. Gallagher & Co. by 1.3% in the second quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock valued at $811,425,000 after buying an additional 187,329 shares during the period. State Street Corp lifted its holdings in Arthur J. Gallagher & Co. by 2.5% in the first quarter. State Street Corp now owns 8,961,966 shares of the financial services provider’s stock valued at $506,716,000 after buying an additional 220,949 shares during the period. Victory Capital Management Inc. lifted its holdings in Arthur J. Gallagher & Co. by 9.9% in the second quarter. Victory Capital Management Inc. now owns 3,598,595 shares of the financial services provider’s stock valued at $206,020,000 after buying an additional 325,405 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in Arthur J. Gallagher & Co. by 7.9% in the second quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock valued at $157,933,000 after buying an additional 201,141 shares during the period. 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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