Arthur J. Gallagher & Co. (NYSE:AJG) Receives $214.00 Average PT from Analysts

Posted by Defense World Staff on Apr 28th, 2023

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $214.00.

AJG has been the topic of several analyst reports. BMO Capital Markets assumed coverage on shares of Arthur J. Gallagher & Co. in a research report on Thursday, January 19th. They set an “outperform” rating and a $211.00 target price on the stock. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Piper Sandler increased their price target on Arthur J. Gallagher & Co. from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Friday, January 27th. Citigroup boosted their price objective on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research note on Tuesday, April 18th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Arthur J. Gallagher & Co. from $213.00 to $211.00 and set a “market perform” rating on the stock in a report on Friday, March 17th.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CFO Douglas K. Howell sold 2,850 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $180.98, for a total value of $515,793.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $16,417,600.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Arthur J. Gallagher & Co. news, Director Kay W. Mccurdy sold 182 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $196.59, for a total transaction of $35,779.38. Following the sale, the director now directly owns 31,091 shares of the company’s stock, valued at $6,112,179.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 2,850 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $180.98, for a total value of $515,793.00. Following the completion of the transaction, the chief financial officer now directly owns 90,715 shares of the company’s stock, valued at $16,417,600.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,783 shares of company stock worth $5,262,891. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Arthur J. Gallagher & Co.

Several institutional investors have recently bought and sold shares of the stock. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $27,000. Tsfg LLC grew its stake in Arthur J. Gallagher & Co. by 48.8% during the third quarter. Tsfg LLC now owns 183 shares of the financial services provider’s stock worth $31,000 after buying an additional 60 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth approximately $31,000. Affiance Financial LLC bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $32,000. Finally, Hanseatic Management Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 82.07% of the company’s stock.

Arthur J. Gallagher & Co. Trading Up 1.8 %

NYSE:AJG opened at $209.05 on Tuesday. The company has a market capitalization of $44.67 billion, a P/E ratio of 40.20, a P/E/G ratio of 2.14 and a beta of 0.69. The stock’s 50 day moving average price is $191.27 and its 200 day moving average price is $190.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.04 and a current ratio of 1.04. Arthur J. Gallagher & Co. has a 52 week low of $148.24 and a 52 week high of $209.13.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.50 by $0.04. Arthur J. Gallagher & Co. had a net margin of 13.08% and a return on equity of 18.64%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Arthur J. Gallagher & Co. will post 8.72 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $2.20 annualized dividend and a dividend yield of 1.05%. Arthur J. Gallagher & Co.’s payout ratio is 42.31%.

About Arthur J. Gallagher & Co.

(Get Rating)

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.