Arthur J. Gallagher & Co. (AJG) to Distribute Quarterly Dividend of $0.70 on December 18th

Arthur J. Gallagher & Co. (NYSE:AJG) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Monday, December 7th will be paid a dividend of $0.70 per share by the financial services provider on Friday, December 18th. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, December 7th.

Arthur J. Gallagher & Co. has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Arthur J. Gallagher & Co. has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Arthur J. Gallagher & Co. to earn $14.77 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 19.0%.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $260.24 on Thursday. The stock has a 50-day moving average of $247.87 and a 200 day moving average of $232.48. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $272.80. The stock has a market capitalization of $66.70 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.53 and a beta of 0.55. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share 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 firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company posted $2.33 EPS. Arthur J. Gallagher & Co.’s quarterly revenue was up 24.3% compared to the same quarter last year. Sell-side analysts anticipate that Arthur J. Gallagher & Co. will post 13.16 EPS for the current fiscal year.

Analyst Ratings Changes

AJG has been the topic of several recent research reports. Argus lifted their target price on shares of Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Truist Financial boosted their price target on shares of Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Oppenheimer initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 7th. They set a “market perform” rating on the stock. Wells Fargo & Company cut their price objective on shares of Arthur J. Gallagher & Co. from $291.00 to $284.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $250.00 target price (down from $271.00) on shares of Arthur J. Gallagher & Co. in a research note on Thursday, September 24th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $280.74.

About Arthur J. Gallagher & Co.

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.