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Arthur J. Gallagher & Co. (NYSE:AJG) has been given a consensus rating of “Buy” by the ten brokerages that are covering the company, ARN reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $51.78.

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat acquired 1,630 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $45.73 per share, for a total transaction of $74,539.90. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

A number of analysts have recently weighed in on AJG shares. Analysts at Deutsche Bank cut their price target on shares of Arthur J. Gallagher & Co. from $53.00 to $50.00 in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research note on Monday, August 4th. They now have a $53.00 price target on the stock.

Arthur J. Gallagher & Co. (NYSE:AJG) traded up 0.13% during mid-day trading on Thursday, hitting $46.41. The stock had a trading volume of 12,336 shares. Arthur J. Gallagher & Co. has a one year low of $41.11 and a one year high of $49.46. The stock’s 50-day moving average is $45.89 and its 200-day moving average is $45.85. The company has a market cap of $7.379 billion and a price-to-earnings ratio of 21.93.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $975.46 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 51.3% on a year-over-year basis. Analysts expect that Arthur J. Gallagher & Co. will post $2.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, September 3rd.

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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