Keefe Bruyette & Woods Maintains Arthur J Gallagher & Co to Outperform with Price Target $57.00

Brokerage firm Keefe Bruyette & Woods 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 $57.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

Arthur J Gallagher & Co (AJG) made into the market gainers list on Mondays trading session with the shares advancing 0.22% or 0.11 points. Due to strong positive momentum, the stock ended at $49.41, which is also near the day’s high of $49.67. The stock began the session at $49.31 and the volume stood at 7,74,821 shares. The 52-week high of the shares is $49.77 and the 52 week low is $35.9634. The company has a current market capitalization of $8,747 M and it has 17,70,31,000 shares in outstanding.

Arthur J Gallagher & Co has also declared a cash dividend of $0.3800 on Jul 27, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 16, 2016.

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 Mar 2, 2016, David S Johnson (director) sold 4,688 shares at $40.48 per share price.Also, On Feb 26, 2016, Kay W Mccurdy (director) sold 7,169 shares at $40.00 per share price.On Aug 7, 2015, Frank E. Jr. English (director) sold 4,000 shares at $48.01 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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