Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $288.5294.
AJG has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Truist Financial increased their price target on shares of Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Barclays boosted their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Wolfe Research lowered Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald raised their target price on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th.
Read Our Latest Stock Analysis on Arthur J. Gallagher & Co.
Insider Activity
Hedge Funds Weigh In On Arthur J. Gallagher & Co.
A number of hedge funds have recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in shares of Arthur J. Gallagher & Co. by 0.4% during the 4th quarter. Ritholtz Wealth Management now owns 10,061 shares of the financial services provider’s stock valued at $2,604,000 after buying an additional 45 shares in the last quarter. CYBER HORNET ETFs LLC increased its stake in Arthur J. Gallagher & Co. by 7.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock worth $164,000 after buying an additional 46 shares in the last quarter. Allen Capital Group LLC raised its holdings in Arthur J. Gallagher & Co. by 2.5% during the fourth quarter. Allen Capital Group LLC now owns 1,895 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 47 shares during the period. Manhattan West Asset Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 0.7% in the fourth quarter. Manhattan West Asset Management LLC now owns 6,870 shares of the financial services provider’s stock valued at $1,778,000 after acquiring an additional 49 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 6.4% in the fourth quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 49 shares during the period. 85.53% of the stock is currently owned by institutional investors.
Arthur J. Gallagher & Co. Stock Down 0.7%
Arthur J. Gallagher & Co. stock opened at $253.64 on Friday. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $313.55. The stock has a fifty day moving average of $240.08 and a 200 day moving average of $224.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $65.01 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 1.32 and a beta of 0.50.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the firm posted $2.33 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, sell-side analysts predict that Arthur J. Gallagher & Co. will post 13.28 EPS for the current year.
Arthur J. Gallagher & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 46.43%.
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.
The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.
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