Arthur J. Gallagher & Co. (NYSE:AJG) Given Average Rating of “Hold” by Brokerages

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $276.82.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research note on Friday, July 26th. Piper Sandler lifted their price objective on shares of Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Argus upped their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. TD Cowen boosted their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Finally, UBS Group raised their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $298.66 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $300.66. The stock has a market cap of $65.44 billion, a price-to-earnings ratio of 60.46, a PEG ratio of 2.47 and a beta of 0.72. The company’s 50 day moving average is $281.37 and its two-hundred day moving average is $260.29.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, September 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, President Thomas Joseph Gallagher sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $282.96, for a total value of $4,244,400.00. Following the transaction, the president now owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Arthur J. Gallagher & Co. news, President Thomas Joseph Gallagher sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $282.96, for a total transaction of $4,244,400.00. Following the completion of the sale, the president now directly owns 329,099 shares of the company’s stock, valued at approximately $93,121,853.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Walter D. Bay sold 6,335 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $284.06, for a total value of $1,799,520.10. Following the transaction, the general counsel now directly owns 30,053 shares in the company, valued at approximately $8,536,855.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,348 shares of company stock worth $13,342,910. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

Large investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter worth $26,000. Mark Sheptoff Financial Planning LLC bought a new position in Arthur J. Gallagher & Co. in the second quarter worth about $26,000. Creekmur Asset Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after buying an additional 52 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $29,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.