Shares of Arthur J Gallagher & Co (NYSE:AJG) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $75.67.

AJG has been the subject of a number of recent analyst reports. Wells Fargo & Co restated a “buy” rating and set a $78.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Zacks Investment Research downgraded Arthur J Gallagher & Co from a “hold” rating to a “sell” rating in a report on Wednesday, May 30th. SunTrust Banks reiterated a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th. ValuEngine downgraded Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Finally, Goldman Sachs Group began coverage on Arthur J Gallagher & Co in a report on Monday, June 18th. They issued a “buy” rating and a $81.00 price objective for the company.

In other 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 completion of the transaction, the chief accounting officer now directly owns 34,793 shares in the company, valued at $2,503,356.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Walter D. Bay sold 9,100 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $71.95, for a total value of $654,745.00. Following the transaction, the general counsel now owns 26,369 shares of the company’s stock, valued at $1,897,249.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,267 shares of company stock valued at $1,814,986. 1.60% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of AJG. MRJ Capital Inc. increased its holdings in shares of Arthur J Gallagher & Co by 142.2% during the first quarter. MRJ Capital Inc. now owns 67,100 shares of the financial services provider’s stock valued at $4,611,000 after acquiring an additional 39,400 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Arthur J Gallagher & Co during the first quarter valued at $516,000. Thomaspartners Inc. boosted its position in shares of Arthur J Gallagher & Co by 2.2% during the first quarter. Thomaspartners Inc. now owns 3,666,662 shares of the financial services provider’s stock valued at $252,010,000 after buying an additional 80,214 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Arthur J Gallagher & Co during the first quarter valued at $228,000. Finally, Mountain Pacific Investment Advisers Inc. ID boosted its position in shares of Arthur J Gallagher & Co by 1.3% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 301,483 shares of the financial services provider’s stock valued at $20,721,000 after buying an additional 3,950 shares during the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Shares of Arthur J Gallagher & Co stock traded up $0.40 during midday trading on Wednesday, reaching $72.15. 381,577 shares of the company’s stock traded hands, compared to its average volume of 796,826. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.70. The company has a market cap of $13.09 billion, a PE ratio of 23.58, a P/E/G ratio of 2.01 and a beta of 1.18. Arthur J Gallagher & Co has a 12 month low of $57.19 and a 12 month high of $73.11.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.64 dividend on an annualized basis and a yield of 2.27%. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is 53.59%.

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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