Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $242.79.
A number of research firms recently commented on AJG. Piper Sandler upped their price target on shares of Arthur J. Gallagher & Co. from $220.00 to $238.00 and gave the company a “neutral” rating in a report on Wednesday, September 20th. Royal Bank of Canada raised their target price on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, September 14th. Wells Fargo & Company upped their price target on Arthur J. Gallagher & Co. from $237.00 to $261.00 and gave the company an “overweight” rating in a research report on Tuesday. StockNews.com started coverage on Arthur J. Gallagher & Co. in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Citigroup upped their target price on Arthur J. Gallagher & Co. from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, September 19th.
Insiders Place Their Bets
Institutional Trading of Arthur J. Gallagher & Co.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at about $28,000. Compagnie Lombard Odier SCmA purchased a new position in Arthur J. Gallagher & Co. during the first quarter valued at approximately $29,000. ZRC Wealth Management LLC bought a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth approximately $29,000. Larson Financial Group LLC increased its stake in shares of Arthur J. Gallagher & Co. by 89.9% in the second quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 62 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. during the 2nd quarter valued at $30,000. 81.15% of the stock is owned by hedge funds and other institutional investors.
Arthur J. Gallagher & Co. Trading Down 1.4 %
Shares of AJG opened at $231.03 on Tuesday. Arthur J. Gallagher & Co. has a fifty-two week low of $169.01 and a fifty-two week high of $237.95. The firm has a market cap of $49.85 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 2.13 and a beta of 0.69. The firm has a 50 day moving average price of $229.56 and a 200-day moving average price of $217.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.04 and a current ratio of 1.04.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.04. Arthur J. Gallagher & Co. had a net margin of 12.11% and a return on equity of 18.65%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 8.7 earnings per share for the current year.
Arthur J. Gallagher & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, August 31st. Arthur J. Gallagher & Co.’s payout ratio is currently 42.88%.
Arthur J. Gallagher & Co. Company Profile
Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.
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