Arthur J Gallagher & Co (NYSE:AJG) has been given a consensus recommendation of “Buy” by the eleven research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $87.29.

Several research analysts recently weighed in on the company. SunTrust Banks raised their target price on Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Co raised their target price on Arthur J Gallagher & Co from $93.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Barclays reaffirmed a “buy” rating and set a $65.00 target price on shares of Owens Corning in a research note on Monday, July 1st. Finally, Morgan Stanley upped their target price on Thomson Reuters from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, April 29th.

In related news, Director Frank E. Jr. English sold 800 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $83.08, for a total value of $66,464.00. Following the completion of the sale, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $540,020. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Richard C. Cary sold 6,134 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $83.48, for a total value of $512,066.32. Following the completion of the sale, the chief accounting officer now directly owns 35,193 shares of the company’s stock, valued at $2,937,911.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,124 shares of company stock valued at $848,399. 1.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in AJG. IFM Investors Pty Ltd raised its stake in shares of Arthur J Gallagher & Co by 11.1% during the 1st quarter. IFM Investors Pty Ltd now owns 12,609 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 1,258 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Arthur J Gallagher & Co by 145.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,499 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 5,633 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Arthur J Gallagher & Co during the 1st quarter worth about $2,293,000. Legal & General Group Plc raised its stake in shares of Arthur J Gallagher & Co by 10.6% during the 4th quarter. Legal & General Group Plc now owns 1,069,836 shares of the financial services provider’s stock worth $78,781,000 after purchasing an additional 102,367 shares in the last quarter. Finally, Chesapeake Wealth Management raised its stake in shares of Arthur J Gallagher & Co by 64.8% during the 1st quarter. Chesapeake Wealth Management now owns 5,297 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 2,083 shares in the last quarter. 81.06% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:AJG traded up $0.09 on Friday, hitting $92.04. The company’s stock had a trading volume of 22,142 shares, compared to its average volume of 961,914. Arthur J Gallagher & Co has a 12 month low of $68.19 and a 12 month high of $92.37. The firm has a market capitalization of $17.08 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 2.62 and a beta of 0.84. The company’s 50-day moving average price is $88.08. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.74.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.02. Arthur J Gallagher & Co had a return on equity of 14.33% and a net margin of 9.84%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that Arthur J Gallagher & Co will post 3.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, June 6th. Arthur J Gallagher & Co’s dividend payout ratio is 49.86%.

Arthur J Gallagher & Co Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Analyst Recommendations for Arthur J Gallagher & Co (NYSE:AJG)

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