Analysts Set Arthur J. Gallagher & Co. (NYSE:AJG) Target Price at $274.18

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $280.3529.

A number of research analysts have issued reports on the company. BMO Capital Markets upgraded Arthur J. Gallagher & Co. from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $278.00 in a research report on Tuesday, March 24th. Wells Fargo & Company raised their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $299.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays upped their price objective on shares of Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $225.00 to $276.00 in a report on Wednesday. Finally, Truist Financial cut their price target on Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, May 1st.

Arthur J. Gallagher & Co. Trading Down 0.6%

AJG opened at $254.36 on Monday. The company has a 50-day simple moving average of $221.35 and a 200 day simple moving average of $225.67. The stock has a market capitalization of $65.35 billion, a price-to-earnings ratio of 41.16, a P/E/G ratio of 1.32 and a beta of 0.50. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $316.71.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the firm posted $3.67 EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Analysts predict that Arthur J. Gallagher & Co. will post 13.22 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, June 5th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.31%.

Insider Transactions at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, CAO Richard C. Cary sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Dearborn Partners LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 6.3% in the fourth quarter. Dearborn Partners LLC now owns 133,936 shares of the financial services provider’s stock worth $34,661,000 after acquiring an additional 7,946 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Arthur J. Gallagher & Co. by 10.2% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 65,889 shares of the financial services provider’s stock worth $20,398,000 after purchasing an additional 6,090 shares during the period. Professional Advisory Services Inc. grew its holdings in Arthur J. Gallagher & Co. by 12.2% during the 4th quarter. Professional Advisory Services Inc. now owns 78,448 shares of the financial services provider’s stock valued at $20,302,000 after buying an additional 8,539 shares in the last quarter. Seizert Capital Partners LLC bought a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth $3,571,000. Finally, GuoLine Advisory Pte Ltd bought a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at $13,561,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

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.