Arthur J. Gallagher & Co. (AJG) Upgraded to Buy at BidaskClub

Paterniano Del Favero
Luglio 29, 2017

Janney Montgomery Scott LLC now owns 7,088 shares of the financial services provider's stock valued at $406,000 after buying an additional 555 shares in the last quarter. Finally, Zacks Investment Research downgraded Arthur J. Gallagher & Co. from a "hold" rating to a "sell" rating in a research report on Wednesday, March 29th.

Several institutional investors have recently bought and sold shares of the stock. Thomaspartners Inc acquired 195,020 shares as Gallagher Arthur J & Co (AJG)'s stock declined 2.07%. 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. increased its stake in shares of Arthur J. Gallagher & Co.by 3.4% 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. Raymond James Trust N.A. increased its stake in Arthur J. Gallagher & Co.by 7.8% in the first quarter. In the last quarter, insiders have sold 32,897 shares of company stock valued at $1,906,551.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Arthur J. Gallagher & Co. Chevy Chase Trust Holdings Inc. now owns 154,560 shares of the financial services provider's stock valued at $8,739,000 after buying an additional 5,285 shares in the last quarter.

AJG has been the topic of several other research reports. Wells Fargo & Company reissued a "buy" rating on shares of Arthur J. Gallagher & Co.in a research report on Wednesday, June 14th. 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. The firm has a market cap of $10.66 billion, a P/E ratio of 25.12 and a beta of 1.19.

Ratings analysis reveals 0 of Arthur J. Gallagher's analysts are positive. The firm has a 50-day moving average price of $57.77 and a 200-day moving average price of $56.17.

Recent Trading for Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, April 27th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion.

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 global entities. During the same period in the prior year, the business posted $0.96 earnings per share.

Among 11 analysts covering Arthur J. Gallagher (NYSE:AJG), 5 have Buy rating, 1 Sell and 5 Hold. Investors of record on Friday, September 1st will be given a dividend of $0.39 per share.

On 4/26/2017 announced a quarterly dividend of $0.39 2.75% with an ex dividend date of 5/31/2017 which will be payable on 6/2/2017. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.69%. Arthur J. Gallagher & Co.'s payout ratio is 65.82%.

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A number of research firms recently issued reports on AJG. Citigroup Inc. increased their price objective on shares of Arthur J. Gallagher & Co. from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, July 13th. RBC Capital Markets maintained Arthur J Gallagher & Co (NYSE:AJG) on Monday, July 10 with "Hold" rating. Royal Bank Of Canada reiterated a "hold" rating on shares of Arthur J. Gallagher & Co.in a report on Friday, April 28th. Finally, Victory Capital Management Inc. boosted its position in Arthur J. Gallagher & Co.by 182.4% in the first quarter. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Arthur J. Gallagher & Co. now has a consensus rating of "Hold" and a consensus target price of $57.00.

In other news, CFO Douglas K. Howell sold 20,000 shares of the company's stock in a transaction that occurred on Monday, June 19th. It indicates oversold and overbought price levels for a stock. Following the transaction, the chief financial officer now directly owns 47,800 shares of the company's stock, valued at $2,813,030. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

On 5/22/2017 Susan E Pietrucha, Insider, sold 4,133 with an average share price of $56.06 per share and the total transaction amounting to $231,695.98. Following the completion of the sale, the insider now directly owns 112 shares in the company, valued at approximately $6,278.72. The disclosure for this sale can be found here.

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 global entities. The Company operates through three segments: brokerage, risk management and corporate.

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