Arthur J. Gallagher & Co. (NYSE:AJG) Receives $284.12 Consensus Target Price from Analysts

Arthur J. Gallagher & Co. (NYSE:AJG) has been assigned an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $284.1176.

A number of analysts have weighed in on the company. Truist Financial set a $271.00 price target on Arthur J. Gallagher & Co. in a research report on Friday, January 30th. Mizuho set a $277.00 price target on Arthur J. Gallagher & Co. in a report on Wednesday, January 14th. Wall Street Zen cut shares of Arthur J. Gallagher & Co. from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $292.00 target price on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, January 7th. Finally, Morgan Stanley set a $300.00 price target on Arthur J. Gallagher & Co. in a research report on Friday, December 19th.

Arthur J. Gallagher & Co. Price Performance

AJG opened at $208.22 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Arthur J. Gallagher & Co. has a 1 year low of $195.00 and a 1 year high of $351.23. The stock has a fifty day moving average price of $249.37 and a 200 day moving average price of $270.59. The stock has a market cap of $53.47 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.13 and a beta of 0.66.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.70 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 1.3%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.65. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 42.28%.

Insider Activity at Arthur J. Gallagher & Co.

In other news, CFO Douglas K. Howell sold 5,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $258.05, for a total value of $1,290,250.00. Following the completion of the transaction, the chief financial officer owned 95,777 shares in the company, valued at approximately $24,715,254.85. This represents a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard C. Cary sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $261.00, for a total value of $1,566,000.00. Following the completion of the sale, the chief accounting officer owned 50,668 shares in the company, valued at approximately $13,224,348. This represents a 10.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,100 shares of company stock worth $8,243,865 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Arthur J. Gallagher & Co.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Physician Wealth Advisors Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 870.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Financial Life Planners bought a new stake in Arthur J. Gallagher & Co. in the 3rd quarter valued at $39,000. Central Pacific Bank Trust Division boosted its stake in Arthur J. Gallagher & Co. by 40.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 135 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 39 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 136 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

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.