Wells Fargo & Company reissued their buy rating on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a research report released on Thursday.

“Mastercard delivered solid 2Q17 results with 14% Y/Y FX-neutral revenue growth and EPS of $1.10 (vs. our/Street’s $1.06/1.04 estimates). MA’s FY17 outlook (including VocaLink) now calls for mid-double-digit revenue growth (flattish FX) and mid double- digit adjusted expense growth. MA anticipates ~$0.05-0.06 dilution from VocaLink in FY17/FY18. We estimate ~17% EPS growth in FY17. July volumes appear relatively stable with continued healthy x-border volume growth, although US debit growth slowed. We are encouraged by recent strong revenue/volume growth and believe the company‚Äôs longer-term growth trajectory remains intact. We view shares, trading at 25.5x our CY18E, as attractive.”,” the firm’s analyst commented.

Several other research analysts have also recently commented on AJG. BidaskClub upgraded shares of Arthur J. Gallagher & Co. from a hold rating to a buy rating in a research report on Thursday. Royal Bank Of Canada restated a hold rating and issued a $54.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, July 12th. Citigroup Inc. upped their target price on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a neutral rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods restated a buy rating and issued a $62.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Friday, June 9th. Finally, Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a sell rating to a hold rating in a research report on Monday, April 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $58.67.

Shares of Arthur J. Gallagher & Co. (AJG) opened at 59.41 on Thursday. The firm has a 50-day moving average price of $57.83 and a 200-day moving average price of $56.22. Arthur J. Gallagher & Co. has a one year low of $47.16 and a one year high of $59.64. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 23.96 and a beta of 1.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $1.02 by $0.01. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts anticipate that Arthur J. Gallagher & Co. will post $3.02 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, August 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.90%.

In other news, VP William F. Ziebell sold 7,764 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $56.59, for a total value of $439,364.76. Following the completion of the transaction, the vice president now directly owns 8,495 shares in the company, valued at $480,732.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas K. Howell sold 20,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $58.85, for a total transaction of $1,177,000.00. Following the completion of the transaction, the chief financial officer now owns 47,800 shares of the company’s stock, valued at $2,813,030. The disclosure for this sale can be found here. Insiders sold 32,897 shares of company stock valued at $1,906,551 over the last quarter. Insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Arthur J. Gallagher & Co. by 3,503.7% in the first quarter. BlackRock Inc. now owns 13,986,032 shares of the financial services provider’s stock valued at $790,770,000 after buying an additional 13,597,930 shares during the period. Victory Capital Management Inc. raised its stake in Arthur J. Gallagher & Co. by 182.4% in the first quarter. Victory Capital Management Inc. now owns 3,273,190 shares of the financial services provider’s stock valued at $185,065,000 after buying an additional 2,114,276 shares in the last quarter. Vanguard Group Inc. raised its stake in Arthur J. Gallagher & Co. by 3.4% in the first quarter. Vanguard Group Inc. now owns 17,578,425 shares of the financial services provider’s stock valued at $993,885,000 after buying an additional 575,651 shares in the last quarter. Janus Capital Management LLC raised its stake in Arthur J. Gallagher & Co. by 23.7% in the first quarter. Janus Capital Management LLC now owns 1,770,280 shares of the financial services provider’s stock valued at $100,092,000 after buying an additional 338,651 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in Arthur J. Gallagher & Co. by 40.4% in the first quarter. Westfield Capital Management Co. LP now owns 1,005,308 shares of the financial services provider’s stock valued at $56,840,000 after buying an additional 289,330 shares in the last quarter. Institutional investors and hedge funds own 82.66% of the company’s stock.

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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