Arthur J Gallagher & Co (AJG) Receives $78.88 Average Price Target from Brokerages

Arthur J Gallagher & Co (NYSE:AJG) has earned an average rating of “Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $78.88.

A number of equities analysts recently weighed in on AJG shares. ValuEngine raised shares of Arthur J Gallagher & Co from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Credit Suisse Group set a $84.00 price target on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Tuesday, September 25th. William Blair reissued a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, August 16th. Wells Fargo & Co reissued a “buy” rating and issued a $78.00 price target on shares of Arthur J Gallagher & Co in a report on Friday, July 27th. Finally, SunTrust Banks reissued a “buy” rating on shares of Arthur J Gallagher & Co in a report on Thursday, July 26th.

In other Arthur J Gallagher & Co news, CAO Richard C. Cary sold 12,667 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $71.95, for a total transaction of $911,390.65. Following the sale, the chief accounting officer now directly owns 34,793 shares of the company’s stock, valued at $2,503,356.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Walter D. Bay sold 9,100 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $71.95, for a total transaction of $654,745.00. Following the sale, the general counsel now directly owns 26,369 shares in the company, valued at $1,897,249.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,252 shares of company stock worth $2,944,259. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC World Markets Inc. purchased a new stake in shares of Arthur J Gallagher & Co in the first quarter worth about $210,000. Principal Financial Group Inc. lifted its holdings in shares of Arthur J Gallagher & Co by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,207,870 shares of the financial services provider’s stock worth $83,016,000 after buying an additional 10,705 shares in the last quarter. DnB Asset Management AS lifted its holdings in shares of Arthur J Gallagher & Co by 8.9% in the second quarter. DnB Asset Management AS now owns 24,400 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 2,000 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Arthur J Gallagher & Co by 45.5% in the second quarter. IFM Investors Pty Ltd now owns 9,221 shares of the financial services provider’s stock worth $602,000 after buying an additional 2,882 shares in the last quarter. Finally, Fenimore Asset Management Inc. lifted its holdings in shares of Arthur J Gallagher & Co by 1.2% in the second quarter. Fenimore Asset Management Inc. now owns 555,264 shares of the financial services provider’s stock worth $36,248,000 after buying an additional 6,655 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE AJG traded up $0.28 during trading on Monday, hitting $78.05. The stock had a trading volume of 963,345 shares, compared to its average volume of 1,097,835. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.05 and a beta of 1.00. Arthur J Gallagher & Co has a 12 month low of $62.04 and a 12 month high of $78.37.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. Arthur J Gallagher & Co had a net margin of 9.04% and a return on equity of 15.50%. On average, research analysts anticipate that Arthur J Gallagher & Co will post 3.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, December 6th. Arthur J Gallagher & Co’s dividend payout ratio (DPR) is presently 53.59%.

About Arthur J Gallagher & Co

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Analyst Recommendations for Arthur J Gallagher & Co (NYSE:AJG)

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