After Making All-Time High, Is Arthur J Gallagher & Co (AJG)’s Near-Term Analysis Positive?

October 13, 2017 - By reb123z

Investors sentiment increased to 1.53 in Q2 2017. Its up 0.26, from 1.27 in 2017Q1. It improved, as 20 investors sold Arthur J Gallagher & Co shares while 130 reduced holdings. 63 funds opened positions while 167 raised stakes. 142.95 million shares or 1.35% less from 144.91 million shares in 2017Q1 were reported.
Cornerstone Capital Inc holds 3.85% or 353,385 shares. Vanguard Incorporated holds 18.15M shares. Whittier Trust Of Nevada Inc has invested 0.08% in Arthur J Gallagher & Co (NYSE:AJG). Court Place Limited Liability Co stated it has 0.1% in Arthur J Gallagher & Co (NYSE:AJG). Maine-based Schroder Group has invested 0.12% in Arthur J Gallagher & Co (NYSE:AJG). 500,042 are held by Ubs Asset Management Americas Inc. Citigroup has invested 0.01% in Arthur J Gallagher & Co (NYSE:AJG). Hillsdale Inv Management accumulated 0% or 80 shares. Norinchukin Natl Bank The invested in 10,988 shares. Park Natl Oh owns 0.01% invested in Arthur J Gallagher & Co (NYSE:AJG) for 4,064 shares. Asset Mngmt One Ltd owns 0.06% invested in Arthur J Gallagher & Co (NYSE:AJG) for 425,187 shares. Smithfield Company holds 1,120 shares. Fmr has invested 0% in Arthur J Gallagher & Co (NYSE:AJG). Financial Counselors Inc reported 0.06% stake. Guinness Asset Management Limited has 2.48% invested in Arthur J Gallagher & Co (NYSE:AJG).

Since May 22, 2017, it had 0 insider buys, and 4 insider sales for $1.91 million activity. Shares for $58,490 were sold by English Frank E. Jr. on Tuesday, June 13. HOWELL DOUGLAS K sold 20,000 shares worth $1.18M. Pietrucha Susan E also sold $231,696 worth of Arthur J Gallagher & Co (NYSE:AJG) shares.

The stock of Arthur J Gallagher & Co (NYSE:AJG) reached all time high today, Oct, 13 and still has $63.88 target or 3.00 % above today’s $62.02 share price. This indicates more upside for the $11.17B company. This technical setup was reported by Barchart.com. If the $63.88 PT is reached, the company will be worth $335.10M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.03% or $0.02 during the last trading session, reaching $62.02. About 390,784 shares traded. Arthur J Gallagher & Co (NYSE:AJG) has risen 17.09% since October 13, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.

Analysts expect Arthur J Gallagher & Co (NYSE:AJG) to report $0.80 EPS on October, 26.They anticipate $0.03 EPS change or 3.90 % from last quarter’s $0.77 EPS. AJG’s profit would be $144.08 million giving it 19.38 P/E if the $0.80 EPS is correct. After having $1.03 EPS previously, Arthur J Gallagher & Co’s analysts see -22.33 % EPS growth.

Arthur J Gallagher & Co (NYSE:AJG) Ratings Coverage

Among 12 analysts covering Arthur J. Gallagher (NYSE:AJG), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Arthur J. Gallagher had 36 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Arthur J Gallagher & Co (NYSE:AJG) has “Overweight” rating given on Friday, August 11 by Barclays Capital. RBC Capital Markets maintained Arthur J Gallagher & Co (NYSE:AJG) on Monday, October 9 with “Hold” rating. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Hold”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, October 5 report. The firm has “Neutral” rating given on Monday, August 7 by Citigroup. The firm has “Buy” rating given on Thursday, August 17 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Tuesday, September 29 by Sandler O’Neill. The firm has “Buy” rating given on Friday, February 5 by Compass Point. The stock of Arthur J Gallagher & Co (NYSE:AJG) earned “Sell” rating by Goldman Sachs on Tuesday, November 15. RBC Capital Markets maintained the shares of AJG in report on Friday, July 28 with “Hold” rating.

More notable recent Arthur J Gallagher & Co (NYSE:AJG) news were published by: Prnewswire.com which released: “Arthur J. Gallagher & Co. Acquires Lutgert Insurance” on September 25, 2017, also Zacks.com with their article: “Arthur J. Gallagher Expands in Florida with Lutgert Buyout” published on September 29, 2017, Prnewswire.com published: “Insurance Brokers Stock Performance Review — Aon PLC, Arthur J. Gallagher …” on September 22, 2017. More interesting news about Arthur J Gallagher & Co (NYSE:AJG) were released by: Businessinsurance.com and their article: “Gallagher acquires Florida property/casualty and benefits brokerage” published on September 25, 2017 as well as Prnewswire.com‘s news article titled: “Arthur J. Gallagher & Co. Announces Third Quarter 2017 Earnings Release And …” with publication date: October 12, 2017.

Arthur J. Gallagher & Co. and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The company has market cap of $11.17 billion. The Firm operates through three divisions: brokerage, risk management and corporate. It has a 25.01 P/E ratio. The brokerage segment primarily consists of retail and wholesale insurance brokerage operations.

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