Arthur J Gallagher & Co (NYSE:AJG) had its target price hoisted by Citigroup from $67.00 to $69.00 in a report released on Friday morning. They currently have a neutral rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a hold rating to a buy rating and set a $70.00 price target on the stock in a research note on Wednesday, December 27th. Royal Bank of Canada restated a hold rating and issued a $64.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 8th. Credit Suisse Group upped 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. 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. Finally, Keefe, Bruyette & Woods restated a buy rating and issued a $77.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, December 22nd. Five research 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 stock. Arthur J Gallagher & Co has a consensus rating of Buy and a consensus price target of $71.44.

Arthur J Gallagher & Co (AJG) opened at $64.94 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.08. Arthur J Gallagher & Co has a one year low of $54.47 and a one year high of $70.55. The company has a market cap of $11,756.67, a PE ratio of 25.57, a P/E/G ratio of 1.64 and a beta of 1.24.

Arthur J Gallagher & Co (NYSE:AJG) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $0.66 earnings per share. Arthur J Gallagher & Co’s revenue was up 15.5% compared to the same quarter last year. research analysts anticipate that Arthur J Gallagher & Co will post 3.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.53%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, March 1st. Arthur J Gallagher & Co’s dividend payout ratio is presently 61.42%.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 1,500 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.15, for a total transaction of $105,225.00. Following the sale, the general counsel now directly owns 13,284 shares in the company, valued at $931,872.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Joseph Gallagher sold 11,500 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $69.80, for a total transaction of $802,700.00. Following the sale, the vice president now owns 176,305 shares in the company, valued at $12,306,089. The disclosure for this sale can be found here. Insiders have sold 20,600 shares of company stock worth $1,404,129 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AJG. Tower Research Capital LLC TRC acquired a new stake in Arthur J Gallagher & Co during the fourth quarter worth about $108,000. Invictus RG bought a new position in shares of Arthur J Gallagher & Co in the third quarter worth about $130,000. Cerebellum GP LLC bought a new position in shares of Arthur J Gallagher & Co in the fourth quarter worth about $154,000. Oakworth Capital Inc. lifted its holdings in shares of Arthur J Gallagher & Co by 49.6% in the fourth quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 806 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. bought a new position in shares of Arthur J Gallagher & Co in the third quarter worth about $201,000. Hedge funds and other institutional investors own 82.04% of the company’s stock.

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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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