Brokerages Set Arthur J Gallagher & Co (AJG) Target Price at $70.67

Shares of Arthur J Gallagher & Co (NYSE:AJG) have been given a consensus rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $70.67.

Several equities analysts have recently issued reports on AJG shares. 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 note on Monday, October 16th. Credit Suisse Group raised their price target on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Co set a $74.00 price target on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Friday, December 8th.

In other news, General Counsel Walter D. Bay sold 1,500 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.15, for a total transaction of $105,225.00. Following the completion of the transaction, the general counsel now owns 13,284 shares of the company’s stock, valued at $931,872.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. Insiders have sold 20,600 shares of company stock valued at $1,404,129 in the last ninety days. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AJG. Janus Henderson Group PLC raised its stake in Arthur J Gallagher & Co by 8,471.3% during the second quarter. Janus Henderson Group PLC now owns 1,852,944 shares of the financial services provider’s stock worth $106,081,000 after buying an additional 1,831,326 shares during the last quarter. Renaissance Technologies LLC raised its stake in Arthur J Gallagher & Co by 927.7% during the second quarter. Renaissance Technologies LLC now owns 408,000 shares of the financial services provider’s stock worth $23,358,000 after buying an additional 368,300 shares during the last quarter. Victory Capital Management Inc. raised its stake in Arthur J Gallagher & Co by 7.7% during the fourth quarter. Victory Capital Management Inc. now owns 4,182,454 shares of the financial services provider’s stock worth $264,665,000 after buying an additional 297,388 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Arthur J Gallagher & Co by 27.6% during the third quarter. Westfield Capital Management Co. LP now owns 1,349,368 shares of the financial services provider’s stock worth $83,054,000 after buying an additional 291,510 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC bought a new position in Arthur J Gallagher & Co during the second quarter worth $15,660,000. 82.04% of the stock is owned by institutional investors and hedge funds.

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down $1.71 during trading on Friday, reaching $64.40. 2,357,200 shares of the company’s stock were exchanged, compared to its average volume of 1,213,048. Arthur J Gallagher & Co has a 1 year low of $54.07 and a 1 year high of $70.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.08. The firm has a market capitalization of $11,839.95, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.65 and a beta of 1.24.

Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. research analysts expect that Arthur J Gallagher & Co will post 3.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, March 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.55%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 61.42%.

WARNING: “Brokerages Set Arthur J Gallagher & Co (AJG) Target Price at $70.67” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://sportsperspectives.com/2018/02/08/brokerages-set-arthur-j-gallagher-co-ajg-target-price-at-70-67.html.

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.

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

Receive News & Ratings for Arthur J Gallagher & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J Gallagher & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply