Arthur J. Gallagher & Co. (NYSE:AJG) had its price target upped by investment analysts at Citigroup Inc. from $60.00 to $62.00 in a report issued on Monday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup Inc.’s price objective suggests a potential upside of 5.25% from the stock’s previous close.

AJG has been the subject of a number of other reports. BidaskClub downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reissued a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, June 14th. Zacks Investment Research raised Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, April 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Arthur J. Gallagher & Co. in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Arthur J. Gallagher & Co. has an average rating of “Hold” and a consensus price target of $59.00.

Arthur J. Gallagher & Co. (NYSE AJG) traded down 0.19% during mid-day trading on Monday, hitting $58.91. The stock had a trading volume of 598,256 shares. The firm has a market cap of $10.61 billion, a P/E ratio of 23.75 and a beta of 1.19. The stock has a 50-day moving average price of $57.89 and a 200 day moving average price of $56.37. Arthur J. Gallagher & Co. has a 12-month low of $47.16 and a 12-month high of $59.64.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. Equities analysts anticipate that Arthur J. Gallagher & Co. will post $3.00 EPS for the current fiscal year.

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In related news, CFO Douglas K. Howell sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $58.85, for a total value of $1,177,000.00. Following the completion of the transaction, the chief financial officer now directly owns 47,800 shares of the company’s stock, valued at approximately $2,813,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William F. Ziebell sold 7,764 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $56.59, for a total value of $439,364.76. Following the completion of the transaction, the vice president now directly owns 8,495 shares of the company’s stock, valued at $480,732.05. The disclosure for this sale can be found here. Insiders sold a total of 49,829 shares of company stock valued at $2,904,780 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AJG. Pacer Advisors Inc. increased its position in Arthur J. Gallagher & Co. by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,176 shares of the financial services provider’s stock valued at $180,000 after buying an additional 99 shares during the last quarter. Coconut Grove Bank increased its position in Arthur J. Gallagher & Co. by 92.5% in the first quarter. Coconut Grove Bank now owns 3,330 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,600 shares during the last quarter. Court Place Advisors LLC bought a new position in Arthur J. Gallagher & Co. during the first quarter valued at $201,000. Koch Industries Inc. bought a new position in Arthur J. Gallagher & Co. during the first quarter valued at $210,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Arthur J. Gallagher & Co. during the first quarter valued at $215,000. 82.16% of the stock is owned by institutional investors.

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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