Shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $280.74.
AJG has been the subject of a number of research analyst reports. Wolfe Research downgraded Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Barclays raised their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, October 9th. Mizuho cut their price target on shares of Arthur J. Gallagher & Co. from $292.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Finally, Oppenheimer began coverage on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, October 7th. They set a “market perform” rating for the company.
Insiders Place Their Bets
In other Arthur J. Gallagher & Co. news, VP Scott R. Hudson sold 12,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total value of $3,169,560.00. Following the transaction, the vice president owned 90,262 shares of the company’s stock, valued at approximately $23,840,902.06. This represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total value of $252,860.00. Following the completion of the sale, the chief accounting officer owned 46,819 shares of the company’s stock, valued at $11,838,652.34. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,500 shares of company stock worth $7,562,950 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Hedge Funds Weigh In On Arthur J. Gallagher & Co.
A number of hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in shares of Arthur J. Gallagher & Co. by 4.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 811 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 38 shares in the last quarter. Sowell Financial Services LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 3.4% during the 3rd quarter. Sowell Financial Services LLC now owns 1,157 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 38 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 2.4% during the second quarter. Archford Capital Strategies LLC now owns 1,871 shares of the financial services provider’s stock worth $430,000 after buying an additional 43 shares in the last quarter. Pure Financial Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 6.4% in the 4th quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 49 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in Arthur J. Gallagher & Co. by 3.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,716 shares of the financial services provider’s stock valued at $372,000 after buying an additional 54 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors.
Arthur J. Gallagher & Co. Stock Performance
NYSE:AJG opened at $268.28 on Wednesday. Arthur J. Gallagher & Co. has a 52-week low of $190.75 and a 52-week high of $284.17. The firm has a market cap of $68.76 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 1.53 and a beta of 0.55. 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 business’s fifty day moving average is $247.30 and its 200 day moving average is $233.86.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $2.33 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 24.3% compared to the same quarter last year. Research analysts predict that Arthur J. Gallagher & Co. will post 13.16 EPS for the current year.
Arthur J. Gallagher & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were paid a $0.70 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s payout ratio is currently 46.43%.
Arthur J. Gallagher & Co. Company Profile
Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.
Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.
Founded in 1927 by Arthur J.
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