Analysts Set Arthur J. Gallagher & Co. (AJG) Target Price at $72.33

Arthur J. Gallagher & Co. (NYSE:AJG) has earned an average recommendation of “Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $72.33.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Arthur J. Gallagher & Co. from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. SunTrust Banks reiterated a “buy” rating and issued a $75.00 price objective on shares of Arthur J. Gallagher & Co. in a research note on Friday, January 26th. ValuEngine upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Citigroup lifted their price objective on shares of Arthur J. Gallagher & Co. from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Wells Fargo set a $78.00 price objective on shares of Arthur J. Gallagher & Co. and gave the company a “buy” rating in a research note on Wednesday, March 14th.

Shares of NYSE:AJG traded up $0.58 during mid-day trading on Monday, reaching $68.11. The company had a trading volume of 613,400 shares, compared to its average volume of 1,079,397. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $12.31 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.66 and a beta of 1.13. Arthur J. Gallagher & Co. has a one year low of $55.67 and a one year high of $72.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Arthur J. Gallagher & Co. had a net margin of 10.34% and a return on equity of 18.19%. Arthur J. Gallagher & Co.’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. research analysts predict that Arthur J. Gallagher & Co. will post 3.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a $0.41 dividend. The ex-dividend date is Thursday, May 31st. This represents a $1.64 annualized dividend and a yield of 2.41%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 53.59%.

In related news, Director Frank E. Jr. English sold 2,000 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $69.03, for a total value of $138,060.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $552,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan E. Pietrucha sold 15,672 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $69.23, for a total transaction of $1,084,972.56. Following the completion of the transaction, the insider now owns 8,639 shares of the company’s stock, valued at $598,077.97. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Arthur J. Gallagher & Co. by 1.8% in the first quarter. BlackRock Inc. now owns 14,678,824 shares of the financial services provider’s stock worth $1,008,875,000 after acquiring an additional 265,202 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Arthur J. Gallagher & Co. by 7.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,182,454 shares of the financial services provider’s stock worth $264,665,000 after purchasing an additional 297,388 shares during the last quarter. Thomaspartners Inc. lifted its stake in Arthur J. Gallagher & Co. by 2.2% in the first quarter. Thomaspartners Inc. now owns 3,666,662 shares of the financial services provider’s stock worth $252,010,000 after purchasing an additional 80,214 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Arthur J. Gallagher & Co. by 183.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,273,464 shares of the financial services provider’s stock worth $143,865,000 after purchasing an additional 1,471,258 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Arthur J. Gallagher & Co. by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 1,976,703 shares of the financial services provider’s stock worth $124,823,000 after purchasing an additional 71,887 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

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.

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

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