Arthur J. Gallagher & Co. (NYSE:AJG) Receives Average Rating of "Moderate Buy" from Brokerages

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $287.6471.

AJG has been the topic of several recent analyst reports. Cantor Fitzgerald raised their price objective on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Jefferies Financial Group upgraded shares of Arthur J. Gallagher & Co. from a "hold" rating to a "buy" rating and increased their target price for the stock from $235.00 to $265.00 in a research report on Thursday, June 11th. Barclays boosted their price objective on Arthur J. Gallagher & Co. from $275.00 to $292.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Truist Financial increased their target price on shares of Arthur J. Gallagher & Co. from $225.00 to $265.00 and gave the stock a "hold" rating in a research note on Friday, July 31st. Finally, Wolfe Research downgraded Arthur J. Gallagher & Co. from an "outperform" rating to a "peer perform" rating in a research report on Thursday, July 9th.

Arthur J. Gallagher & Co. Trading Up 0.3%

AJG opened at $251.72 on Friday. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $313.55. The firm has a market capitalization of $64.67 billion, a PE ratio of 41.74, a P/E/G ratio of 1.29 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.06. The company's 50-day moving average is $235.35 and its 200 day moving average is $224.59.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.03. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The company's quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. As a group, research analysts predict that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 46.43%.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other news, CAO Richard C. Cary sold 3,000 shares of Arthur J. Gallagher & Co. stock in a transaction 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 sale, the chief accounting officer directly owned 47,819 shares of the company's stock, valued at approximately $9,850,714. The trade was a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

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

Hedge funds have recently added to or reduced their stakes in the company. Dearborn Partners LLC boosted its position in shares of Arthur J. Gallagher & Co. by 6.3% in the 4th quarter. Dearborn Partners LLC now owns 133,936 shares of the financial services provider's stock worth $34,661,000 after purchasing an additional 7,946 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $3,571,000. Gtcr LLC bought a new stake in Arthur J. Gallagher & Co. in the first quarter worth $514,112,000. Pictet Asset Management Holding SA grew its stake in shares of Arthur J. Gallagher & Co. by 40.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 154,404 shares of the financial services provider's stock worth $39,965,000 after acquiring an additional 44,824 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $1,371,000. Institutional investors 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.

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