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AJG

Arthur J. Gallagher

$58.65

-0.37 (-0.63%)

16:49
08/03/17
08/03
16:49
08/03/17
16:49

Arthur J. Gallagher acquires GPL Assurance, terms not disclosed

Arthur J. Gallagher announced the acquisition of GPL Assurance located in Montreal, Quebec, Canada. Terms of the transaction were not disclosed. Founded in 1968, GPL is a retail insurance broker offering commercial property/casualty services to large corporations, middle-market and small business clients, as well as personal lines solutions for individuals, across the province of Quebec.

AJG Arthur J. Gallagher
$58.65

-0.37 (-0.63%)

05/02/17
05/02/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AMD (AMD) downgraded to Underperform from Neutral at Macquarie with analyst Srini Pajjuri telling investors PC progress was disappointing versus high expectations and margin expansion will be difficult. 2. CNA Financial (CNA) downgraded to Hold from Buy at Deutsche Bank with analyst Joshua Shanker citing valuation with the stock up 56% over the past 12 months. The analyst raised his price target for the shares to $46 from $45 following CNA's first quarter results. 3. Arthur J. Gallagher (AJG) downgraded to Market Perform on valuation at Raymond James with analyst Gregory Peters citing valuation. 4. Ocwen (OCN) downgraded to Neutral on valuation at Compass Point with analyst Fred Small citing the over 40% jump in shares following the announcement of a strategic deal with New Residential (NRZ) on Monday. The analyst maintained a $3.50 price target on Ocwen shares and recommends moving to the sidelines until viability into long-term earnings power emerges. 5. Cerner (CERN) downgraded to Neutral from Buy at Hilliard Lyons with analyst Stephen Turner citing price appreciation and raised its price target to $68. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/17
RAJA
05/02/17
DOWNGRADE
RAJA
Market Perform
Arthur J. Gallagher downgraded to Market Perform on valuation at Raymond James
Raymond James analyst Gregory Peters downgraded Arthur J. Gallagher to Market Perform from Outperform citing valuation.
01/23/17
WELS
01/23/17
NO CHANGE
WELS
AIG, Chubb, Arthur J. Gallagher named top non-life picks at Wells Fargo
Wells Fargo says that AIG's (AIG) reserve reinsurance contract with Berkshire,(BRK.A) eliminates the "tail risk on the majority of its U.S. commercial lines business," while moving the focus to its "underlying margins." Wells says that Chubb (CB) will soon demonstrate the earnings power and "strong underlying results" created by its merger. Finally, Wells thinks that Arthur J. Gallagher (AJG) is poised to benefit from the rebounding U.S. economy.
12/01/16
12/01/16
DOWNGRADE
Target $53

Neutral
Arthur J. Gallagher downgraded to Neutral from Buy at Citi
Citi analyst James Naklicki downgraded Arthur J. Gallagher to Neutral from Buy as he expects organic growth rates for mid-sized brokers to be more pressured than their large competitors if U.S. commercial pricing declines by mid-single digits next year. Also, the value of Gallagher's tax credit producing clean coal business is lower if corporate tax rates are reduced, said Naklicki, who lowered his price target on the stock to $53 from $55.

TODAY'S FREE FLY STORIES

IYR

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EWG

iShares MSCI Germany

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NCMGY

Newcrest Mining

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0.2 (1.12%)

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Newcrest Mining rating change  »

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IJR

iShares Core S&P Small Cap ETF

$76.06

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EEM

MSCI Emerging Markets Index

$47.81

0.12 (0.25%)

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EWW

iShares MSCI Mexico

$51.43

0.4 (0.78%)

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CPYYY

Centrica

$8.66

0.18 (2.12%)

06:14
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Centrica rating change  »

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DISH

Dish

$50.43

0.39 (0.78%)

, CBS

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CBS

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UUP

PowerShares DB US Dollar Index Up

$24.24

-0.19 (-0.78%)

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UDN

PowerShares DB US Dollar Index Down

$22.23

0.1881 (0.85%)

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PowerShares DB US Dollar Index Down: Pivot points »

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TEVA

Teva

$13.48

0.15 (1.13%)

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Periodicals
Teva to slash up to 25% of Israeli workforce, Bloomberg reports »

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BASFY

BASF

$27.39

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RBS

RBS

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  • 24

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