Royal Bank Of Canada reiterated their hold rating on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a report issued on Friday. The firm currently has a $64.00 price objective on the financial services provider’s stock.

AJG has been the subject of a number of other research reports. Wells Fargo & Company set a $74.00 target price on shares of Arthur J. Gallagher & Co. and gave the stock a buy rating in a research report on Friday. Keefe, Bruyette & Woods reiterated a buy rating and issued a $62.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Friday, August 18th. Barclays increased their target price on shares of Arthur J. Gallagher & Co. from $66.00 to $68.00 and gave the stock an overweight rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Arthur J. Gallagher & Co. from a hold rating to a sell rating in a research report on Monday, October 2nd. Finally, ValuEngine downgraded shares of Arthur J. Gallagher & Co. from a buy rating to a hold rating in a research report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $66.00.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded up $0.42 during trading hours on Friday, hitting $65.69. 798,834 shares of the company traded hands, compared to its average volume of 1,413,962. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market cap of $11,800.75, a P/E ratio of 22.51, a PEG ratio of 2.20 and a beta of 1.23. Arthur J. Gallagher & Co. has a fifty-two week low of $49.93 and a fifty-two week high of $67.32.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. sell-side analysts predict that Arthur J. Gallagher & Co. will post 2.99 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.39 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.37%. Arthur J. Gallagher & Co.’s payout ratio is 62.40%.

In other news, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the transaction, the chief financial officer now owns 47,767 shares in the company, valued at approximately $2,865,064.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the transaction, the director now owns 10,600 shares in the company, valued at approximately $674,902. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Invictus RG bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $130,000. Pacer Advisors Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 261 shares in the last quarter. Eagle Boston Investment Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $201,000. Coldstream Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at $202,000. Finally, Doyle Wealth Management bought a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 82.55% of the company’s stock.

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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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