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

A number of other research firms also recently weighed in on AJG. 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. ValuEngine downgraded Arthur J Gallagher & Co from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Arthur J Gallagher & Co from a sell rating to a hold rating in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price target on 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. Finally, Barclays lifted their price target 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $66.00.

Shares of Arthur J Gallagher & Co (AJG) traded down $0.52 during mid-day trading on Thursday, hitting $63.69. The company’s stock had a trading volume of 1,369,100 shares, compared to its average volume of 875,151. Arthur J Gallagher & Co has a one year low of $50.23 and a one year high of $67.32. The stock has a market cap of $11,612.72, a P/E ratio of 22.15, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66.

Arthur J Gallagher & Co (NYSE:AJG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.60 billion. During the same period last year, the business posted $0.77 EPS. The company’s revenue was up 6.9% on a year-over-year basis. research analysts expect that Arthur J Gallagher & Co will post 2.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.56 dividend on an annualized basis and a yield of 2.45%. Arthur J Gallagher & Co’s payout ratio is 62.40%.

In other Arthur J Gallagher & Co news, VP Scott R. Hudson sold 7,600 shares of the business’s 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 sale, the vice president now directly owns 25,027 shares in the company, valued at $1,634,012.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank E. Jr. English sold 1,500 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $63.67, for a total value of $95,505.00. Following the sale, the director now owns 10,600 shares in the company, valued at $674,902. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 last quarter. BlackRock Inc. increased its stake in 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 last quarter. Victory Capital Management Inc. increased its stake in 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 last quarter. Epoch Investment Partners Inc. increased its stake in 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 last quarter. Finally, Citadel Advisors LLC increased its stake in 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 last quarter. 82.55% of the stock is owned by institutional investors.

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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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