Analysts Set Arthur J. Gallagher & Co. (NYSE:AJG) Target Price at $264.00

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $264.00.

Several equities research analysts have issued reports on AJG shares. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays upped their price target on shares of Arthur J. Gallagher & Co. from $262.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. UBS Group set a $240.00 price target on shares of Arthur J. Gallagher & Co. in a research report on Thursday, May 21st. Piper Sandler lowered their price target on shares of Arthur J. Gallagher & Co. from $226.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Truist Financial lowered their price target on shares of Arthur J. Gallagher & Co. from $235.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, May 1st.

Insiders Place Their Bets

In other news, VP Scott R. Hudson sold 3,800 shares of Arthur J. Gallagher & Co. stock in a transaction on Friday, March 6th. The stock was sold at an average price of $227.57, for a total value of $864,766.00. Following the transaction, the vice president directly owned 85,920 shares in the company, valued at approximately $19,552,814.40. This trade represents a 4.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher E. Mead sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $227.12, for a total transaction of $908,480.00. Following the sale, the vice president directly owned 19,306 shares of the company’s stock, valued at $4,384,778.72. The trade was a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its position in Arthur J. Gallagher & Co. by 870.0% during the third quarter. Physician Wealth Advisors Inc. now owns 97 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its position in 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 valued at $34,000 after acquiring an additional 91 shares during the last quarter. Financial Life Planners purchased a new stake in Arthur J. Gallagher & Co. during the third quarter valued at approximately $39,000. Finally, Axiom Investment Management LLC purchased a new stake in Arthur J. Gallagher & Co. during the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

Arthur J. Gallagher & Co. stock opened at $202.61 on Friday. The stock has a market cap of $52.05 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $351.23. The firm has a 50-day moving average of $211.27 and a two-hundred day moving average of $231.15.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Arthur J. Gallagher & Co. had a net margin of 10.76% and a return on equity of 12.83%. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.67 EPS. On average, research analysts forecast that Arthur J. Gallagher & Co. will post 13.26 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a $0.70 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.4%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.31%.

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.