Barclays Maintains Arthur J Gallagher & Co to Overweight with Price Target $56.00

Brokerage firm Barclays Maintains its rating on Arthur J Gallagher & Co(NYSE:AJG). In a research note issued to the investors, the brokerage major Raises the price-target to $56.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Aug 1, 2016, Keefe Bruyette & Woods said it Maintains its rating on Arthur J Gallagher & Co. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Outperform’ by the firm.

Arthur J Gallagher & Co (AJG) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -0.36% at a volume of 9,46,237. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.6. The peak price level was also seen at $50.6 while the days lowest was $49.83. Finally the shares closed at $50.28. The 52-week high of the shares is $51.24 while the 52-week low is $35.9634. According to the latest information available, the market cap of the company is $8,901 M.

Arthur J Gallagher & Co(AJG) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.43B. Analysts had an estimated revenue of $1.44B. Earnings per share were $0.97. Analysts had estimated an EPS of $0.97.

Several Insider Transactions has been reported to the SEC. On Sep 20, 2016, Frank E. Jr. English (director) sold 3,000 shares at $49.60 per share price.Also, On Sep 19, 2016, Douglas K Howell (VP & Chief Financial Officer) sold 9,000 shares at $50.10 per share price.On Sep 16, 2016, Kay W Mccurdy (director) sold 5,000 shares at $49.86 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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