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. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.08.
Arthur J. Gallagher & Co. (AJG) : The highest short term price target forecast on Arthur J. Gallagher & Co. (AJG) is $59 and the lowest target price is $43. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $51.3 with a standard deviation of $5.4.
For the current week, the company shares have a recommendation consensus of Buy. Arthur J. Gallagher & Co. (NYSE:AJG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.75 and $49.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.75, notching a gain of 0.04% for the day. The total traded volume was 663,443 . The stock had closed at $49.73 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Mccurdy Kay W, director of Gallagher Arthur J & Co, had unloaded 6,000 shares at an average price of $49.19 in a transaction dated on August 1, 2016. The total value of the transaction was worth $295,140.
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.