Arthur J Gallagher & Co (AJG) Receives Average Recommendation of “Buy” from Analysts
Shares of Arthur J Gallagher & Co (NYSE:AJG) have been given an average rating of “Buy” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have assigned 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 $66.00.
A number of research firms have recently issued reports on AJG. Wells Fargo & Company set a $74.00 price objective on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays lifted their price objective on shares of Arthur J Gallagher & Co from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $59.00 price objective on shares of Arthur J Gallagher & Co in a report on Tuesday, October 10th. Finally, Deutsche Bank downgraded shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Wednesday, October 4th.
In related news, Director Frank E. Jr. English sold 1,500 shares of Arthur J Gallagher & Co stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $63.67, for a total value of $95,505.00. Following the transaction, the director now owns 10,600 shares in the company, valued at approximately $674,902. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the vice president now owns 25,027 shares in the company, valued at approximately $1,634,012.83. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Arthur J Gallagher & Co (NYSE:AJG) traded down $0.52 during midday trading on Friday, hitting $63.69. 1,369,100 shares of the stock were exchanged, compared to its average volume of 875,151. Arthur J Gallagher & Co has a 52 week low of $50.23 and a 52 week high of $67.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $11,612.72, a P/E ratio of 22.15, a P/E/G ratio of 2.16 and a beta of 1.23.
Arthur J Gallagher & Co (NYSE:AJG) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. Arthur J Gallagher & Co had a net margin of 7.62% and a return on equity of 13.56%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted $0.77 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. sell-side analysts predict that Arthur J Gallagher & Co will post 2.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, November 30th. Arthur J Gallagher & Co’s payout ratio is presently 62.40%.
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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