Arthur J. Gallagher & Co. (NYSE:AJG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

AJG has been the subject of several other research reports. Credit Suisse Group raised their target price on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Wells Fargo & Company restated a “buy” rating and set a $66.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Sunday, September 17th. Barclays raised their price target on shares of Arthur J. Gallagher & Co. from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $59.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.38.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) traded up $0.74 during trading on Friday, hitting $66.57. 1,603,380 shares of the company traded hands, compared to its average volume of 1,253,698. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. Arthur J. Gallagher & Co. has a 12-month low of $48.97 and a 12-month high of $67.32. The stock has a market capitalization of $12,035.79, a PE ratio of 22.96, a PEG ratio of 2.24 and a beta of 1.23.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. analysts predict that Arthur J. Gallagher & Co. will post 2.99 earnings per share for the current fiscal year.

In related news, Director Frank E. Jr. English sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the sale, the director now owns 10,600 shares in the company, valued at $674,902. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Douglas K. Howell sold 9,967 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $59.98, for a total transaction of $597,820.66. Following the sale, the chief financial officer now owns 47,767 shares in the company, valued at approximately $2,865,064.66. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in AJG. Vanguard Group Inc. grew its position in shares of Arthur J. Gallagher & Co. by 3.2% in the second quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock valued at $1,039,067,000 after purchasing an additional 571,235 shares during the period. BlackRock Inc. grew its position in shares of Arthur J. Gallagher & Co. by 1.3% in the second quarter. BlackRock Inc. now owns 14,173,361 shares of the financial services provider’s stock valued at $811,425,000 after purchasing an additional 187,329 shares during the period. Victory Capital Management Inc. grew its position in shares of Arthur J. Gallagher & Co. by 8.0% in the third quarter. Victory Capital Management Inc. now owns 3,885,066 shares of the financial services provider’s stock valued at $239,126,000 after purchasing an additional 286,471 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Arthur J. Gallagher & Co. by 7.9% in the second quarter. Epoch Investment Partners Inc. now owns 2,758,657 shares of the financial services provider’s stock valued at $157,933,000 after purchasing an additional 201,141 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 785.9% in the second quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock valued at $135,269,000 after purchasing an additional 2,096,062 shares during the period. Institutional investors own 82.57% of the company’s stock.

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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.

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

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