Arthur J Gallagher & Co (NYSE:AJG) has been assigned a $74.00 target price by Wells Fargo & Company in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s target price would indicate a potential upside of 15.25% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays raised their target price on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Royal Bank of Canada reissued a “hold” rating and set a $59.00 target price on shares of Arthur J Gallagher & Co in a research note on Tuesday, October 10th. Deutsche Bank cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research note on Wednesday, October 4th. Finally, ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $66.00.

Shares of Arthur J Gallagher & Co (AJG) opened at $64.21 on Wednesday. The firm has a market cap of $11,643.46, a PE ratio of 22.21, a P/E/G ratio of 2.17 and a beta of 1.23. Arthur J Gallagher & Co has a 52-week low of $51.58 and a 52-week high of $67.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Arthur J Gallagher & Co (NYSE:AJG) last released its 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 firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. Arthur J Gallagher & Co’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. equities analysts predict that Arthur J Gallagher & Co will post 2.99 earnings per share for the current year.

In other news, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the transaction, the vice president now owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total transaction of $95,505.00. Following the completion of the transaction, the director now directly owns 10,600 shares in the company, valued at approximately $674,902. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AJG. Invictus RG acquired a new position in shares of Arthur J Gallagher & Co in the 3rd quarter worth approximately $130,000. Pacer Advisors Inc. grew its stake in shares of Arthur J Gallagher & Co by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 261 shares during the last quarter. Eagle Boston Investment Management Inc. acquired a new position in shares of Arthur J Gallagher & Co in the 3rd quarter worth approximately $201,000. Coldstream Capital Management Inc. acquired a new position in shares of Arthur J Gallagher & Co in the 2nd quarter worth approximately $202,000. Finally, Doyle Wealth Management acquired a new position in shares of Arthur J Gallagher & Co in the 3rd quarter worth approximately $203,000. 82.47% of the stock is currently owned by institutional investors.

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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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