Arthur J. Gallagher & Co. (NYSE:AJG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $263.7059.

Several research analysts have commented on the stock. Citigroup raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and cut their price target for the company from $280.00 to $250.00 in a report on Wednesday, May 6th. UBS Group raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to a “buy” rating and cut their price target for the company from $283.00 to $250.00 in a report on Monday, June 8th. Keefe, Bruyette & Woods lowered their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $235.00 and set a “market perform” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Tuesday, March 17th. They set an “outperform” rating and a $260.00 price objective on the stock. Finally, Truist Financial lowered their price objective on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, May 1st.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the sale, the chief accounting officer owned 47,819 shares in the company, valued at approximately $9,850,714. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

Large investors have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $26,000. Axiom Investment Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter worth $28,000. Cassaday & Co Wealth Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter worth $29,000. MV Capital Management Inc. purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $34,000. Finally, Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% in the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.1%

Shares of NYSE:AJG opened at $216.21 on Thursday. The firm has a fifty day moving average price of $210.84 and a two-hundred day moving average price of $227.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $190.75 and a one year high of $327.34. The company has a market cap of $55.54 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.09 and a beta of 0.52.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm earned $3.67 EPS. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. Analysts anticipate that Arthur J. Gallagher & Co. will post 13.27 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 19th. Stockholders of record on Friday, June 5th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, June 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.3%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 45.31%.

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.