Arthur J Gallagher & Co (AJG) Price Target Increased to $82.00 by Analysts at Barclays

Arthur J Gallagher & Co (NYSE:AJG) had its price target hoisted by equities research analysts at Barclays from $70.00 to $82.00 in a report issued on Tuesday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays’ price target indicates a potential upside of 18.89% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Citigroup boosted their price objective on Arthur J Gallagher & Co from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded Arthur J Gallagher & Co from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a research report on Monday, January 29th. SunTrust Banks restated a “buy” rating and set a $75.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, January 26th. Wells Fargo & Co restated a “buy” rating and set a $74.00 price objective on shares of Arthur J Gallagher & Co in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $77.00 price objective on shares of Arthur J Gallagher & Co in a research report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $72.78.

Arthur J Gallagher & Co (AJG) opened at $68.97 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.65. Arthur J Gallagher & Co has a fifty-two week low of $54.50 and a fifty-two week high of $70.55. The company has a market capitalization of $12,512.95, a price-to-earnings ratio of 27.15, a PEG ratio of 1.74 and a beta of 1.24.

Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Arthur J Gallagher & Co had a return on equity of 13.95% and a net margin of 7.52%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. Arthur J Gallagher & Co’s revenue was up 15.5% on a year-over-year basis. research analysts expect that Arthur J Gallagher & Co will post 3.57 earnings per share for the current fiscal year.

In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 600 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $63.71, for a total value of $38,226.00. Following the sale, the director now owns 10,000 shares in the company, valued at approximately $637,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Scott R. Hudson sold 7,600 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.29, for a total value of $496,204.00. Following the completion of the sale, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. Insiders have sold a total of 27,866 shares of company stock worth $1,895,002 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in shares of Arthur J Gallagher & Co in the 4th quarter valued at about $108,000. Captrust Financial Advisors bought a new stake in shares of Arthur J Gallagher & Co in the 4th quarter valued at about $109,000. Invictus RG bought a new stake in shares of Arthur J Gallagher & Co in the 3rd quarter valued at about $130,000. Cerebellum GP LLC bought a new stake in shares of Arthur J Gallagher & Co in the 4th quarter valued at about $154,000. Finally, Oakworth Capital Inc. grew its position in shares of Arthur J Gallagher & Co by 49.6% in the 4th quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $160,000 after buying an additional 806 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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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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