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

Arthur J. Gallagher & Co. (NYSE:AJG) has earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $307.00.

Several research firms recently weighed in on AJG. Truist Financial raised their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $285.00 to $315.00 in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America boosted their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, TD Cowen raised Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $377.00 in a research note on Friday, January 10th.

Institutional Trading of Arthur J. Gallagher & Co.

Institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 580.0% during the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after buying an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares in the last quarter. Quarry LP bought a new position in shares of Arthur J. Gallagher & Co. during the 2nd quarter worth approximately $29,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $35,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $302.20 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12-month low of $227.43 and a 12-month high of $316.72. The company has a market capitalization of $75.49 billion, a PE ratio of 57.56 and a beta of 0.76. The firm’s 50 day moving average is $291.66 and its 200-day moving average is $288.82.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.04 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 45.71%.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.