Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Arthur J Gallagher & Co (NYSE:AJG) in a research note published on Friday morning. Keefe, Bruyette & Woods currently has a $77.00 price target on the financial services provider’s stock.

Several other brokerages have also recently weighed in on AJG. Wells Fargo & Co set a $74.00 price objective on Arthur J Gallagher & Co and gave the company a buy rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a sell rating to a hold rating in a research note on Tuesday, October 31st. Barclays raised their price objective on 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. Royal Bank of Canada restated a hold rating and set a $59.00 price objective on shares of Arthur J Gallagher & Co in a research note on Tuesday, October 10th. Finally, Deutsche Bank cut Arthur J Gallagher & Co from a buy rating to a hold rating and set a $64.00 price objective on the stock. in a research note on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $67.88.

Shares of Arthur J Gallagher & Co (AJG) opened at $62.60 on Friday. The company has a market cap of $11,250.00, a P/E ratio of 25.04, a PEG ratio of 2.12 and a beta of 1.23. Arthur J Gallagher & Co has a 52-week low of $51.60 and a 52-week high of $67.32. 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 (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 analysts’ consensus estimates of $0.79 by $0.02. Arthur J Gallagher & Co had a return on equity of 13.56% and a net margin of 7.62%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the business earned $0.77 EPS. Arthur J Gallagher & Co’s quarterly revenue was up 6.9% compared to the same quarter last year. research analysts expect that Arthur J Gallagher & Co will post 2.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is currently 62.40%.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction of $496,204.00. Following the completion of the transaction, the vice president now owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank E. Jr. English sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $674,902. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC lifted its position in Arthur J Gallagher & Co by 785.9% in the 2nd quarter. Citadel Advisors LLC now owns 2,362,782 shares of the financial services provider’s stock worth $135,269,000 after buying an additional 2,096,062 shares during the last quarter. Janus Henderson Group PLC lifted its position in Arthur J Gallagher & Co by 8,471.3% in the 2nd 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. American Century Companies Inc. lifted its position in Arthur J Gallagher & Co by 4,730.8% in the 2nd quarter. American Century Companies Inc. now owns 1,550,935 shares of the financial services provider’s stock worth $88,791,000 after buying an additional 1,518,830 shares during the last quarter. Principal Financial Group Inc. lifted its position in Arthur J Gallagher & Co by 97.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,242,484 shares of the financial services provider’s stock worth $71,132,000 after buying an additional 614,788 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Arthur J Gallagher & Co by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 18,149,660 shares of the financial services provider’s stock worth $1,039,067,000 after buying an additional 571,235 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

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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.

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

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