Arthur J. Gallagher & Co. (NYSE:AJG) Stock Has Average Target Price of $280.74 According to Brokerages

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have received an average rating of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $280.74.

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Oppenheimer assumed coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, October 7th. They issued a “market perform” rating on the stock. Royal Bank Of Canada reduced their target price on Arthur J. Gallagher & Co. from $310.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Piper Sandler reaffirmed an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, September 24th. Finally, Jefferies Financial Group lowered their price target on Arthur J. Gallagher & Co. from $300.00 to $295.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th.

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

In other Arthur J. Gallagher & Co. news, General Counsel Walter D. Bay sold 12,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $270.08, for a total transaction of $3,240,960.00. Following the transaction, the general counsel owned 71,292 shares of the company’s stock, valued at approximately $19,254,543.36. This represents a 14.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $257.02, for a total transaction of $899,570.00. Following the sale, the vice president directly owned 22,223 shares of the company’s stock, valued at approximately $5,711,755.46. This trade represents a 13.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 28,500 shares of company stock worth $7,562,950. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Axiom Investment Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at about $28,000. Triumph Capital Management grew its stake in Arthur J. Gallagher & Co. by 4,000.0% in the third quarter. Triumph Capital Management now owns 123 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. NFSG Corp increased its position in shares of Arthur J. Gallagher & Co. by 4,033.3% during the 3rd quarter. NFSG Corp now owns 124 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 121 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $29,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 57.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG opened at $268.28 on Wednesday. The stock’s 50-day moving average price is $247.30 and its two-hundred day moving average price is $233.76. Arthur J. Gallagher & Co. has a 1 year low of $190.75 and a 1 year high of $284.17. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The company has a market cap of $68.76 billion, a PE ratio of 22.56, a PEG ratio of 1.55 and a beta of 0.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 EPS. On average, analysts predict that Arthur J. Gallagher & Co. will post 13.16 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 8th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 46.43%.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.

Founded in 1927 by Arthur J.