Arthur J Gallagher & Co (NYSE:AJG) received a $84.00 target price from research analysts at Credit Suisse Group in a report issued on Tuesday. The firm currently has a “buy” rating on the financial services provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 13.48% from the stock’s current price.

Several other brokerages have also issued reports on AJG. SunTrust Banks reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, July 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $73.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Wells Fargo & Co reiterated a “buy” rating and issued a $78.00 price target on shares of Arthur J Gallagher & Co in a research note on Friday, July 27th. Goldman Sachs Group initiated coverage on Arthur J Gallagher & Co in a research note on Monday, June 18th. They issued a “buy” rating and a $81.00 price target on the stock. Finally, William Blair reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a research note on Thursday, August 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $75.64.

Shares of AJG opened at $74.02 on Tuesday. Arthur J Gallagher & Co has a 52-week low of $60.87 and a 52-week high of $76.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $13.72 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.11 and a beta of 1.15.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. Arthur J Gallagher & Co had a return on equity of 15.93% and a net margin of 9.34%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts expect that Arthur J Gallagher & Co will post 3.46 earnings per share for the current year.

In related news, CAO Richard C. Cary sold 12,667 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $71.95, for a total transaction of $911,390.65. Following the sale, the chief accounting officer now owns 34,793 shares of the company’s stock, valued at approximately $2,503,356.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank E. Jr. English sold 2,000 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $72.07, for a total value of $144,140.00. Following the sale, the director now directly owns 8,400 shares in the company, valued at approximately $605,388. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,752 shares of company stock worth $3,193,109. 1.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp lifted its holdings in Arthur J Gallagher & Co by 92.3% during the 2nd quarter. Dupont Capital Management Corp now owns 1,579 shares of the financial services provider’s stock worth $103,000 after buying an additional 758 shares during the period. Braun Bostich & Associates Inc. lifted its holdings in Arthur J Gallagher & Co by 528.7% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,773 shares of the financial services provider’s stock worth $116,000 after buying an additional 1,491 shares during the period. Point72 Hong Kong Ltd acquired a new position in Arthur J Gallagher & Co during the 2nd quarter worth about $127,000. Summit X LLC acquired a new position in Arthur J Gallagher & Co during the 2nd quarter worth about $207,000. Finally, HRT Financial LLC acquired a new position in Arthur J Gallagher & Co during the 2nd quarter worth about $208,000. 81.86% of the stock is currently owned by institutional investors.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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

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