Arthur J Gallagher & Co’s (AJG) Hold Rating Reaffirmed at Sandler O’Neill

Arthur J Gallagher & Co (NYSE:AJG)‘s stock had its “hold” rating reiterated by research analysts at Sandler O’Neill in a note issued to investors on Thursday, March 15th. They currently have a $71.00 price objective on the financial services provider’s stock. Sandler O’Neill’s target price suggests a potential upside of 5.83% from the stock’s previous close.

Several other brokerages have also issued reports on AJG. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Monday, January 15th. Wells Fargo set a $78.00 target price on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Wednesday, March 14th. Barclays reissued an “overweight” rating and set a $82.00 target price (up from $70.00) on shares of Arthur J Gallagher & Co in a report on Tuesday, February 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $77.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, December 22nd. Finally, SunTrust Banks reissued a “buy” rating and set a $75.00 target price on shares of Arthur J Gallagher & Co in a report on Friday, January 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Arthur J Gallagher & Co has an average rating of “Buy” and a consensus target price of $72.80.

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Shares of Arthur J Gallagher & Co stock traded down $1.34 during midday trading on Thursday, hitting $67.09. 934,109 shares of the company traded hands, compared to its average volume of 1,124,095. The firm has a market capitalization of $12,171.87, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. 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 12 month low of $54.50 and a 12 month high of $72.77.

Arthur J Gallagher & Co (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. research analysts anticipate that Arthur J Gallagher & Co will post 3.58 earnings per share for the current year.

In other Arthur J Gallagher & Co news, General Counsel Walter D. Bay sold 1,500 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.15, for a total transaction of $105,225.00. Following the completion of the sale, the general counsel now owns 13,284 shares in the company, valued at approximately $931,872.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Joseph Gallagher sold 11,500 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $69.80, for a total transaction of $802,700.00. Following the sale, the vice president now owns 176,305 shares of the company’s stock, valued at approximately $12,306,089. The disclosure for this sale can be found here. Insiders sold a total of 21,766 shares of company stock worth $1,501,938 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Elkfork Partners LLC bought a new stake in Arthur J Gallagher & Co during the 4th quarter valued at $459,000. Colonial Trust Advisors grew its stake in shares of Arthur J Gallagher & Co by 14.3% in the 4th quarter. Colonial Trust Advisors now owns 20,135 shares of the financial services provider’s stock worth $1,274,000 after acquiring an additional 2,525 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Arthur J Gallagher & Co by 3.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 82,512 shares of the financial services provider’s stock worth $5,221,000 after acquiring an additional 2,580 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Arthur J Gallagher & Co by 33.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,060 shares of the financial services provider’s stock worth $6,269,000 after acquiring an additional 24,626 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Arthur J Gallagher & Co by 19.7% in the 4th quarter. William Blair Investment Management LLC now owns 68,041 shares of the financial services provider’s stock worth $4,306,000 after acquiring an additional 11,202 shares in the last quarter. Institutional investors and hedge funds own 83.92% of the company’s stock.

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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.

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

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