Shares of Arthur J Gallagher & Co (NYSE:AJG) have been given a consensus rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $70.67.
Several equities analysts have recently issued reports on AJG shares. Barclays raised their price target on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Credit Suisse Group raised their price target on shares of Arthur J Gallagher & Co from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Co set a $74.00 price target on shares of Arthur J Gallagher & Co and gave the company a “buy” rating in a research note on Friday, December 8th.
In other news, General Counsel Walter D. Bay sold 1,500 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.15, for a total transaction of $105,225.00. Following the completion of the transaction, the general counsel now owns 13,284 shares of the company’s stock, valued at $931,872.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott R. Hudson sold 7,600 shares of Arthur J Gallagher & Co stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.29, for a total transaction of $496,204.00. Following the transaction, the vice president now directly owns 25,027 shares of the company’s stock, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. Insiders have sold 20,600 shares of company stock valued at $1,404,129 in the last ninety days. Insiders own 1.60% of the company’s stock.
Shares of Arthur J Gallagher & Co (NYSE:AJG) traded down $1.71 during trading on Friday, reaching $64.40. 2,357,200 shares of the company’s stock were exchanged, compared to its average volume of 1,213,048. Arthur J Gallagher & Co has a 1 year low of $54.07 and a 1 year high of $70.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.08. The firm has a market capitalization of $11,839.95, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.65 and a beta of 1.24.
Arthur J Gallagher & Co (NYSE:AJG) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Arthur J Gallagher & Co had a net margin of 7.52% and a return on equity of 13.95%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. research analysts expect that Arthur J Gallagher & Co will post 3.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, March 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.55%. This is an increase from Arthur J Gallagher & Co’s previous quarterly dividend of $0.39. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 61.42%.
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About Arthur J Gallagher & Co
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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