Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $64.38.
Several research analysts recently weighed in on the stock. BidaskClub cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Credit Suisse Group boosted their price target on shares of Arthur J. Gallagher & Co. from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company restated a “buy” rating and set a $66.00 price target on shares of Arthur J. Gallagher & Co. in a report on Sunday, September 17th. Deutsche Bank AG cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
In other Arthur J. Gallagher & Co. news, VP Joel D. Cavaness sold 10,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $58.73, for a total value of $587,300.00. Following the sale, the vice president now owns 96,186 shares of the company’s stock, valued at $5,649,003.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan E. Pietrucha sold 3,601 shares of Arthur J. Gallagher & Co. stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $57.78, for a total transaction of $208,065.78. Following the completion of the sale, the insider now directly owns 4,055 shares in the company, valued at approximately $234,297.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,568 shares of company stock worth $1,393,186. Insiders own 1.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Doyle Wealth Management bought a new stake in Arthur J. Gallagher & Co. in the third quarter worth about $203,000. Pacer Advisors Inc. raised its position in Arthur J. Gallagher & Co. by 8.2% in the second quarter. Pacer Advisors Inc. now owns 3,437 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 261 shares during the period. Coldstream Capital Management Inc. bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth about $202,000. Cambridge Investment Research Advisors Inc. bought a new stake in Arthur J. Gallagher & Co. in the first quarter worth about $215,000. Finally, Blair William & Co. IL bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth about $224,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Arthur J. Gallagher & Co. (NYSE AJG) traded up 0.94% during midday trading on Thursday, reaching $63.33. 761,534 shares of the company’s stock traded hands. The stock has a market cap of $11.41 billion, a P/E ratio of 25.54 and a beta of 1.21. The stock has a 50 day moving average of $61.57 and a 200-day moving average of $58.46. Arthur J. Gallagher & Co. has a 12 month low of $47.16 and a 12 month high of $63.37.
Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Arthur J. Gallagher & Co. had a net margin of 7.62% and a return on equity of 13.56%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post $2.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 62.40%.
Arthur J. Gallagher & Co. Company Profile
Arthur J. Gallagher & Co and its subsidiaries are engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and international entities. The Company operates through three segments: brokerage, risk management and corporate.
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