Analysts’ Weekly Ratings Updates for Arthur J. Gallagher & Co. (AJG)

Several brokerages have updated their recommendations and price targets on shares of Arthur J. Gallagher & Co. (NYSE: AJG) in the last few weeks:

  • 8/7/2017 – Arthur J. Gallagher & Co. had its price target raised by analysts at Citigroup Inc. from $60.00 to $62.00. They now have a “neutral” rating on the stock.
  • 8/2/2017 – Arthur J. Gallagher & Co. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Arthur J. Gallagher’s second-quarter 2017 earnings outpaced our expectations and also improved year over year. Shares of Arthur J. Gallagher have outperformed the industry since it reported better than expected second quarter results. The company has witnessed positive organic growth for 23 straight quarters. It remains focused on tapping opportunities in the U.K., Australia, New Zealand, Canada and the U.S. Contribution from international operations is expected to increase. The inorganic story seems impressive with strategic buyouts. The company also remains focused on enhancing productivity and quality, which is a part of its value creation strategy. A solid performance is leading to sufficient cash flows help it deploy capital in shareholder-friendly moves. However, escalating expenses and weak commercial P&C rates pose concerns. Adverse foreign exchange also will weigh on results.”
  • 7/27/2017 – Arthur J. Gallagher & Co. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/27/2017 – Arthur J. Gallagher & Co. had its “buy” rating reaffirmed by analysts at Wells Fargo & Company. They wrote, “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’s longer-term growth trajectory remains intact. We view shares, trading at 25.5x our CY18E, as attractive.””
  • 7/19/2017 – Arthur J. Gallagher & Co. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2017 – Arthur J. Gallagher & Co. had its price target raised by analysts at Citigroup Inc. from $59.00 to $60.00. They now have a “neutral” rating on the stock.
  • 7/12/2017 – Arthur J. Gallagher & Co. had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $54.00 price target on the stock.
  • 7/3/2017 – Arthur J. Gallagher & Co. had its price target raised by analysts at Barclays PLC from $61.00 to $66.00. They now have an “overweight” rating on the stock.
  • 7/1/2017 – Arthur J. Gallagher & Co. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Arthur J. Gallagher & Co. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Arthur J. Gallagher have underperformed the Zacks categorized Insurance Brokers industry quarter to date. The company also  witnessed its estimates moving south over the last 60 days. The company’s escalating expenses and the resultant adverse impact on margins, weak commercial P&C rates pose concerns. Adverse foreign exchange also will weigh on the company’s top line and bottom in 2017. Nonetheless, Arthur J. Gallagher has witnessed positive organic growth for 22 straight quarters. It remains focused on tapping opportunities in the U.K., Australia, New Zealand, Canada and the U.S. Contribution from international operations is expected to increase. The inorganic story seems impressive with strategic buyouts. A solid performance is leading to sufficient cash flows which will help it deploy capital in shareholder-friendly moves. “
  • 6/24/2017 – Arthur J. Gallagher & Co. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/14/2017 – Arthur J. Gallagher & Co. had its “buy” rating reaffirmed by analysts at Wells Fargo & Company.

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) opened at 58.61 on Friday. The company has a 50-day moving average price of $57.96 and a 200 day moving average price of $56.59. Arthur J. Gallagher & Co. has a one year low of $47.16 and a one year high of $59.64. The firm has a market capitalization of $10.56 billion, a P/E ratio of 23.63 and a beta of 1.19.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.68%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. Analysts expect that Arthur J. Gallagher & Co. will post $3.00 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.66%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 62.90%.

In other news, VP Joel D. Cavaness sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $58.73, for a total transaction of $587,300.00. Following the transaction, the vice president now owns 96,186 shares in the company, valued at approximately $5,649,003.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 47,800 shares in the company, valued at approximately $2,813,030. The disclosure for this sale can be found here. Insiders have sold a total of 49,829 shares of company stock worth $2,904,780 in the last 90 days. 1.60% of the stock is owned by insiders.

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.

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