Arthur J. Gallagher & Co. (NYSE:AJG): The mean short term price target for Arthur J. Gallagher & Co. (NYSE:AJG) has been established at $49 per share. The higher price target estimate is at $55 and the lower price target estimate is expected at $43 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $3.94
Many analysts have stated their opinion on the company shares. Brokerage firm William Blair upgrades its rating on Arthur J. Gallagher & Co. (NYSE:AJG). The shares have been rated Market Perform. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on March 21, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, English Frank E. Jr., director of Gallagher Arthur J & Co, had purchased 300 shares on March 16, 2016. The total value of the transaction was $12,864. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Arthur J. Gallagher & Co. (NYSE:AJG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.46 points or 0.96% at $47.57 with 904,598 shares getting traded. Post opening the session at $47.95, the shares hit an intraday low of $47.54 and an intraday high of $48.19 and the price was in this range throughout the day. The company has a market cap of $8,426 million and the number of outstanding shares have been calculated to be 177,129,000 shares. The 52-week high of Arthur J. Gallagher & Co. (NYSE:AJG) is $49.5 and the 52-week low is $35.9634.
Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Companys brokers, agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage, risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs.