Shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) have been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $290.2778.
A number of research analysts recently weighed in on AJG shares. Weiss Ratings raised Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Cantor Fitzgerald increased their price target on shares of Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada boosted their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Argus increased their target price on shares of Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a research report on Friday, July 31st.
View Our Latest Stock Report on AJG
Insider Buying and Selling at Arthur J. Gallagher & Co.
Hedge Funds Weigh In On Arthur J. Gallagher & Co.
Several hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $2,825,000. Qube Research & Technologies Ltd purchased a new stake in Arthur J. Gallagher & Co. in the 2nd quarter valued at approximately $3,429,000. Treasurer of the State of North Carolina grew its holdings in Arthur J. Gallagher & Co. by 5.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 118,467 shares of the financial services provider’s stock valued at $37,924,000 after buying an additional 5,947 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in Arthur J. Gallagher & Co. by 2,919.2% during the second quarter. Peapack Gladstone Financial Corp now owns 19,987 shares of the financial services provider’s stock worth $6,398,000 after buying an additional 19,325 shares in the last quarter. Finally, Armistice Capital LLC acquired a new position in shares of Arthur J. Gallagher & Co. in the second quarter worth $412,000. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Arthur J. Gallagher & Co. Price Performance
Shares of AJG opened at $262.39 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $250.70 and its two-hundred day moving average is $226.19. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $313.55. The firm has a market capitalization of $67.25 billion, a PE ratio of 43.51, a P/E/G ratio of 1.62 and a beta of 0.50.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $2.33 EPS. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Research analysts anticipate that Arthur J. Gallagher & Co. will post 13.28 earnings per share for the current year.
Arthur J. Gallagher & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 46.43%.
Arthur J. Gallagher & Co. Company Profile
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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