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Equities researchers at BMO Capital Markets increased their price objective on shares of Arthur J. Gallagher & Co. (NYSE:AJG) from $52.00 to $54.00 in a research report issued on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 19.21% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, April 17th. They now have a $48.00 price target on the stock, down previously from $50.00. Finally, analysts at Sandler O’Neill upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, April 10th. They now have a $49.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Arthur J. Gallagher & Co. has a consensus rating of “Buy” and a consensus target price of $51.33.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.84% on Tuesday, hitting $45.68. 418,599 shares of the company’s stock traded hands. Arthur J. Gallagher & Co. has a 1-year low of $41.11 and a 1-year high of $49.46. The stock has a 50-day moving average of $45.25 and a 200-day moving average of $46.32. The company has a market cap of $7.176 billion and a P/E ratio of 21.69. Arthur J. Gallagher & Co. also saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 738,544 shares, a drop of 64.0% from the April 15th total of 2,053,466 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,473,830 shares, the short-interest ratio is presently 0.5 days.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Monday, April 7th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.13. Analysts expect that Arthur J. Gallagher & Co. will post $2.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, June 4th.

Arthur J. Gallagher & Co (NYSE:AJG), 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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