Arthur J. Gallagher & Co. (NYSE:AJG) Receives $287.65 Average PT from Analysts

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently 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 twelve-month price target among analysts that have covered the stock in the last year is $288.5294.

A number of analysts have recently issued reports on AJG shares. Piper Sandler raised their price target on shares of Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, July 31st. UBS Group increased their price objective on shares of Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $270.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Monday. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, Barclays increased their price target on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th.

Arthur J. Gallagher & Co. Stock Up 0.5%

Arthur J. Gallagher & Co. stock opened at $253.74 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $313.55. The stock has a fifty day simple moving average of $238.16 and a two-hundred day simple moving average of $224.52. 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 firm has a market cap of $65.03 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 1.30 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, beating 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 company 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. Arthur J. Gallagher & Co.’s revenue was up 24.3% compared to the same quarter last year. Equities analysts predict that Arthur J. Gallagher & Co. will post 13.28 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be given 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%.

Insider Activity

In other news, CAO Richard C. Cary sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $206.00, for a total transaction of $618,000.00. Following the completion of the sale, the chief accounting officer owned 47,819 shares of the company’s stock, valued at $9,850,714. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Arthur J. Gallagher & Co.

Several large investors have recently added to or reduced their stakes in AJG. Kemnay Advisory Services Inc. purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth about $26,000. Axiom Investment Management LLC purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC bought a new stake in Arthur J. Gallagher & Co. during the 1st quarter worth approximately $29,000. MV Capital Management Inc. bought a new position in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. increased its stake 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 worth $34,000 after purchasing an additional 91 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

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.