KBW Has Just Reaffirmed $62.0 Target Price Per Share on Arthur J Gallagher & Co (NYSE:AJG) stock, While They’ve Also Reiterated Their “Buy” Rating

December 8, 2017 - By Linda Rogers

 KBW Has Just Reaffirmed $62.0 Target Price Per Share on Arthur J Gallagher & Co (NYSE:AJG) stock, While They’ve Also Reiterated Their

Investors sentiment increased to 1.53 in 2017 Q2. Its up 0.26, from 1.27 in 2017Q1. It is positive, as 20 investors sold Arthur J. Gallagher & Co. shares while 130 reduced holdings. 63 funds opened positions while 167 raised stakes. 142.95 million shares or 1.35% less from 144.91 million shares in 2017Q1 were reported.

Liberty Mutual Grp Inc Asset reported 0.03% in Arthur J. Gallagher & Co. (NYSE:AJG). 26,382 are owned by Rafferty Asset Ltd Company. Moreover, Proshare Advsrs Ltd Liability Com has 0.04% invested in Arthur J. Gallagher & Co. (NYSE:AJG). 6,822 are held by Carroll Assocs. Kornitzer Mgmt Ks holds 0.59% in Arthur J. Gallagher & Co. (NYSE:AJG) or 591,444 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 13,334 shares or 0.01% of its portfolio. 616,309 were accumulated by Comerica Bank. Fjarde Ap holds 0.05% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG) for 43,739 shares. Metropolitan Life Insurance stated it has 91,405 shares. Mason Street Advsrs Ltd Liability Co holds 0.04% or 24,909 shares in its portfolio. Macquarie Group Limited accumulated 353,573 shares. Alliancebernstein Limited Partnership owns 0.02% invested in Arthur J. Gallagher & Co. (NYSE:AJG) for 362,611 shares. Global X Ltd holds 0.01% or 7,756 shares. Norinchukin Comml Bank The invested 0.01% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG). Rathbone Brothers Plc holds 0.31% or 120,535 shares in its portfolio.

Since June 13, 2017, it had 0 insider purchases, and 2 sales for $1.24 million activity. On Thursday, June 15 the insider HOWELL DOUGLAS K sold $1.18M.

Arthur J Gallagher & Co (NYSE:AJG) Rating Reaffirmed

In an analyst report issued to clients this morning, KBW reiterated their “Buy” rating on Arthur J Gallagher & Co (NYSE:AJG) shares. The target price per share would indicate a possible downside of -5.01 % from firm’s close price.

Investors sentiment increased to 1.53 in 2017 Q2. Its up 0.26, from 1.27 in 2017Q1. It is positive, as 20 investors sold Arthur J. Gallagher & Co. shares while 130 reduced holdings. 63 funds opened positions while 167 raised stakes. 142.95 million shares or 1.35% less from 144.91 million shares in 2017Q1 were reported.

Liberty Mutual Grp Inc Asset reported 0.03% in Arthur J. Gallagher & Co. (NYSE:AJG). 26,382 are owned by Rafferty Asset Ltd Company. Moreover, Proshare Advsrs Ltd Liability Com has 0.04% invested in Arthur J. Gallagher & Co. (NYSE:AJG). 6,822 are held by Carroll Assocs. Kornitzer Mgmt Ks holds 0.59% in Arthur J. Gallagher & Co. (NYSE:AJG) or 591,444 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 13,334 shares or 0.01% of its portfolio. 616,309 were accumulated by Comerica Bank. Fjarde Ap holds 0.05% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG) for 43,739 shares. Metropolitan Life Insurance stated it has 91,405 shares. Mason Street Advsrs Ltd Liability Co holds 0.04% or 24,909 shares in its portfolio. Macquarie Group Limited accumulated 353,573 shares. Alliancebernstein Limited Partnership owns 0.02% invested in Arthur J. Gallagher & Co. (NYSE:AJG) for 362,611 shares. Global X Ltd holds 0.01% or 7,756 shares. Norinchukin Comml Bank The invested 0.01% of its portfolio in Arthur J. Gallagher & Co. (NYSE:AJG). Rathbone Brothers Plc holds 0.31% or 120,535 shares in its portfolio.

Since June 13, 2017, it had 0 insider purchases, and 2 sales for $1.24 million activity. On Thursday, June 15 the insider HOWELL DOUGLAS K sold $1.18M.

Arthur J. Gallagher & Co. (NYSE:AJG) Ratings Coverage

Among 14 analysts covering Arthur J. Gallagher (NYSE:AJG), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Arthur J. Gallagher has $75.0 highest and $44 lowest target. $61.10’s average target is -6.39% below currents $65.27 stock price. Arthur J. Gallagher had 41 analyst reports since August 28, 2015 according to SRatingsIntel. Citigroup maintained Arthur J. Gallagher & Co. (NYSE:AJG) on Thursday, July 13 with “Neutral” rating. Goldman Sachs downgraded Arthur J. Gallagher & Co. (NYSE:AJG) on Tuesday, November 15 to “Sell” rating. On Friday, February 5 the stock rating was maintained by Compass Point with “Buy”. The stock of Arthur J. Gallagher & Co. (NYSE:AJG) has “Hold” rating given on Monday, October 9 by RBC Capital Markets. Compass Point maintained Arthur J. Gallagher & Co. (NYSE:AJG) rating on Friday, July 29. Compass Point has “Buy” rating and $59 target. The firm has “Hold” rating given on Friday, July 28 by RBC Capital Markets. Sandler O’Neill downgraded the stock to “Hold” rating in Tuesday, September 29 report. RBC Capital Markets maintained Arthur J. Gallagher & Co. (NYSE:AJG) on Monday, May 1 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Monday, December 4 with “Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, September 5 report.

The stock decreased 0.85% or $0.56 during the last trading session, reaching $65.27. About 1.19 million shares traded or 21.41% up from the average. Arthur J. Gallagher & Co. (NYSE:AJG) has risen 17.09% since December 8, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.

Analysts await Arthur J. Gallagher & Co. (NYSE:AJG) to report earnings on January, 25. They expect $0.74 EPS, up 12.12 % or $0.08 from last year’s $0.66 per share. AJG’s profit will be $133.79 million for 22.05 P/E if the $0.74 EPS becomes a reality. After $0.81 actual EPS reported by Arthur J. Gallagher & Co. for the previous quarter, Wall Street now forecasts -8.64 % negative EPS growth.

Arthur J. Gallagher & Co., together with its subsidiaries, provides insurance brokerage and risk management services in the United States and internationally. The company has market cap of $11.80 billion. The Company’s Brokerage segment consists of retail and wholesale insurance brokerage operations. It has a 26.32 P/E ratio. The companyÂ’s retail brokerage activities negotiate and place property/casualty, employer-provided health and welfare insurance, and healthcare exchange and retirement solutions primarily for middle-market commercial, industrial, public entity, religious, and not-for-profit entities.

More notable recent Arthur J. Gallagher & Co. (NYSE:AJG) news were published by: Livetradingnews.com which released: “Arthur J Gallagher & Co (NYSE:AJG) Heffx Trading Outlook” on December 05, 2017, also Reuters.com with their article: “BRIEF-Arthur J. Gallagher Acquires Southcap Brokerage Group” published on December 07, 2017, Prnewswire.com published: “Arthur J. Gallagher & Co. Acquires SouthCap Brokerage Group, LLC” on December 07, 2017. More interesting news about Arthur J. Gallagher & Co. (NYSE:AJG) were released by: Nasdaq.com and their article: “Arthur J. Gallagher & Co. (AJG) Ex-Dividend Date Scheduled for November 30, 2017” published on November 29, 2017 as well as Insurancejournal.com‘s news article titled: “Arthur J. Gallagher & Co. Acquires Illinois’ Weiss Insurance Agencies” with publication date: December 02, 2017.

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