Arthur J. Gallagher & Co. Reaches New 12-Month High at $46.07 (AJG)
Arthur J. Gallagher & Co. (NYSE:AJG)’s share price reached a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $46.07 and last traded at $45.94, with a volume of 380,013 shares traded. The stock had previously closed at $45.37.
A number of research firms have recently commented on AJG. Analysts at Raymond James raised their price target on shares of Arthur J. Gallagher & Co. from $46.00 to $47.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Arthur J. Gallagher & Co. in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $47.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Arthur J. Gallagher & Co. from $47.00 to $49.00 in a research note to investors on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.75.
Arthur J. Gallagher & Co. has a 52-week low of $34.20 and a 52-week high of $46.07. The stock has a 50-day moving average of $43.89 and a 200-day moving average of $43.67. The company has a market cap of $5.872 billion and a P/E ratio of 25.14.
Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Tuesday, July 30th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03. The company had revenue of $779.50 million for the quarter, compared to the consensus estimate of $719.41 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts predict that Arthur J. Gallagher & Co. will post $2.19 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co, along with its subsidiaries, provides insurance brokerage and third-party claims settlement and administration services to entities in the United States and abroad.
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