Arthur J Gallagher & Co (AJG) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 59 from a previous price target of $51 . Compass Point advised their investors in a research report released on Jul 29, 2016.
On the company’s financial health, Arthur J Gallagher & Co reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $1427.10 million for the quarter, compared to analysts expectations of $1467.97 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Arthur J Gallagher & Co closed down -0.09 points or -0.18% at $49.41 with 12,84,306 shares getting traded on Thursday. Post opening the session at $49.36, the shares hit an intraday low of $49.13 and an intraday high of $49.53 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Mar 2, 2016, David S Johnson (director) sold 4,688 shares at $40.48 per share price. According to the SEC, 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.