Arthur J. Gallagher & Co. (NYSE:AJG) was downgraded by equities researchers at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company reiterated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, June 14th. BidaskClub raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price target on shares of Arthur J. Gallagher & Co. in a report on Friday, June 9th. Zacks Investment Research raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $54.00 price objective on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $62.50.

Arthur J. Gallagher & Co. (NYSE AJG) opened at 62.00 on Wednesday. The stock has a market cap of $11.17 billion, a PE ratio of 25.00 and a beta of 1.21. Arthur J. Gallagher & Co. has a one year low of $47.16 and a one year high of $62.07. The company’s 50 day moving average is $59.51 and its 200 day moving average is $57.65.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. Arthur J. Gallagher & Co. had a return on equity of 13.68% and a net margin of 7.62%. Arthur J. Gallagher & Co.’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. On average, equities research analysts expect that Arthur J. Gallagher & Co. will post $3.02 EPS for the current year.

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In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $57.78, for a total transaction of $208,065.78. Following the sale, the insider now owns 4,055 shares of the company’s stock, valued at approximately $234,297.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joel D. Cavaness sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $58.73, for a total transaction of $587,300.00. Following the sale, the vice president now directly owns 96,186 shares in the company, valued at approximately $5,649,003.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,500 shares of company stock valued at $1,804,115. 1.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AJG. Eagle Asset Management raised its position in shares of Arthur J. Gallagher & Co. by 127.4% in the third quarter. Eagle Asset Management now owns 227,206 shares of the financial services provider’s stock valued at $9,378,000 after buying an additional 127,313 shares during the last quarter. EisnerAmper Wealth Management grew its stake in Arthur J. Gallagher & Co. by 10.0% during the 4th quarter. EisnerAmper Wealth Management now owns 15,889 shares of the financial services provider’s stock valued at $650,000 after acquiring an additional 1,443 shares in the last quarter. Janus Capital Management grew its stake in Arthur J. Gallagher & Co. by 92.8% during the 3rd quarter. Janus Capital Management now owns 29,500 shares of the financial services provider’s stock valued at $1,218,000 after acquiring an additional 14,200 shares in the last quarter. Assetmark purchased a new stake in Arthur J. Gallagher & Co. during the 3rd quarter valued at about $0. Finally, Beacon Capital Management purchased a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $0. Institutional investors and hedge funds own 81.29% of the company’s stock.

About Arthur J. Gallagher & Co.

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.

The Fly

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

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