Arthur J. Gallagher & Co. (AJG) : 6 brokerage houses believe that Arthur J. Gallagher & Co. (AJG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Arthur J. Gallagher & Co. (AJG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.
Arthur J. Gallagher & Co. (AJG) : The most positive equity analysts on Arthur J. Gallagher & Co. (AJG) expects the shares to touch $59, whereas, the least positive believes that the stock will trade at $43 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $51.3 with an expected fluctuation of $5.4 from the mean.
Also, In a research note released to the investors, Keefe Bruyette & Woods maintains its rating on Arthur J. Gallagher & Co. (NYSE:AJG).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Keefe Bruyette & Woods raises the new price target from $55 per share to $57 per share. The rating by the firm was issued on August 1, 2016.
Arthur J. Gallagher & Co. (NYSE:AJG): After opening at $49.3, the stock dipped to an intraday low of $49.3 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $50.14 and the buying power remained strong till the end. The stock closed at $50.02 for the day, a gain of 1.21% for the day session. The total traded volume was 785,116. The stocks close on the previous trading day was $49.42.
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.