Arthur J Gallagher & Co (NYSE:AJG) had its target price hoisted by investment analysts at Barclays from $93.00 to $97.00 in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 15.68% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Co reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, April 26th. Morgan Stanley lifted their price objective on Arthur J Gallagher & Co from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Zacks Investment Research raised Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, SunTrust Banks lifted their price objective on Arthur J Gallagher & Co to $95.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Arthur J Gallagher & Co currently has an average rating of “Buy” and an average price target of $84.67.

Arthur J Gallagher & Co stock opened at $83.85 on Wednesday. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.74. Arthur J Gallagher & Co has a fifty-two week low of $64.54 and a fifty-two week high of $84.15.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Arthur J Gallagher & Co had a return on equity of 14.33% and a net margin of 9.79%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, research analysts anticipate that Arthur J Gallagher & Co will post 3.74 EPS for the current year.

In other Arthur J Gallagher & Co news, CAO Richard C. Cary sold 6,134 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $83.48, for a total transaction of $512,066.32. Following the transaction, the chief accounting officer now owns 35,193 shares in the company, valued at $2,937,911.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank E. Jr. English sold 800 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $83.08, for a total value of $66,464.00. Following the transaction, the director now owns 6,500 shares in the company, valued at approximately $540,020. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,734 shares of company stock valued at $2,462,300. Company insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. acquired a new position in shares of Arthur J Gallagher & Co in the first quarter worth about $25,000. Destination Wealth Management lifted its stake in shares of Arthur J Gallagher & Co by 308.2% in the fourth quarter. Destination Wealth Management now owns 396 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 299 shares in the last quarter. Ameritas Investment Corp acquired a new position in shares of Arthur J Gallagher & Co in the first quarter worth about $35,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Arthur J Gallagher & Co by 6,202.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,656,369 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 2,614,218 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Arthur J Gallagher & Co by 156.9% in the first quarter. Quadrant Capital Group LLC now owns 506 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 309 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Arthur J Gallagher & Co Company Profile

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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