Wells Fargo & Company set a $74.00 target price on Arthur J Gallagher & Co (NYSE:AJG) in a research note issued to investors on Wednesday morning. The firm currently has a buy rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated a hold rating and issued a $59.00 price objective on shares of Arthur J Gallagher & Co in a research note on Tuesday, October 10th. Deutsche Bank lowered shares of Arthur J Gallagher & Co from a buy rating to a hold rating and set a $64.00 target price on the stock. in a research report on Wednesday, October 4th. ValuEngine lowered shares of Arthur J Gallagher & Co from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a sell rating to a hold rating in a research report on Tuesday, October 31st. Finally, Credit Suisse Group boosted 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 research report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Arthur J Gallagher & Co presently has an average rating of Buy and a consensus price target of $66.00.

Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down $0.19 during trading on Wednesday, hitting $64.21. 823,300 shares of the stock were exchanged, compared to its average volume of 897,225. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. Arthur J Gallagher & Co has a twelve month low of $51.58 and a twelve month high of $67.32. The firm has a market capitalization of $11,643.46, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company earned $0.77 earnings per share. Arthur J Gallagher & Co’s revenue for the quarter was up 6.9% on a year-over-year basis. equities research analysts anticipate that Arthur J Gallagher & Co will post 2.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, November 30th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 62.40%.

In related news, Director Frank E. Jr. English sold 1,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $63.67, for a total transaction of $95,505.00. Following the transaction, the director now owns 10,600 shares in the company, valued at approximately $674,902. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Scott R. Hudson sold 7,600 shares of the company’s 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 transaction, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invictus RG acquired a new position in Arthur J Gallagher & Co during the 3rd quarter valued at about $130,000. Pacer Advisors Inc. lifted its position in Arthur J Gallagher & Co by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 261 shares during the period. Eagle Boston Investment Management Inc. acquired a new position in Arthur J Gallagher & Co during the 3rd quarter valued at about $201,000. Coldstream Capital Management Inc. acquired a new position in Arthur J Gallagher & Co during the 2nd quarter valued at about $202,000. Finally, Doyle Wealth Management acquired a new position in Arthur J Gallagher & Co during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 82.47% 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.

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

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