Arthur J. Gallagher & Co. (NYSE: AJG – Get Rating) had its price objective trimmed by Jefferies Financial Group from $ 214.00 to $ 211.00 in a report published on Thursday morning, The Fly reports. Jefferies Financial Group also issued estimates for Arthur J. Gallagher & Co.’s Q2 2022 earnings at $ 1.71 EPS, Q4 2022 earnings at $ 1.59 EPS, Q1 2023 earnings at $ 3.03 EPS, Q2 2023 earnings at $ 1.97 EPS, Q3 2023 earnings at $ 2.04 EPS and Q4 2023 earnings at $ 1.87 EPS.
A number of other research analysts have also recently commented on AJG. UBS Group assumed coverage on Arthur J. Gallagher & Co. in a research report on Monday, April 18th. They issued a neutral rating and a $ 192.00 objective price for the company. Morgan Stanley reduced their price objective on shares of Arthur J. Gallagher & Co. from $ 171.00 to $ 162.00 and set an equal weight rating on the stock in a report on Monday, May 23rd. Truist Financial increased their target price on shares of Arthur J. Gallagher & Co. from $ 200.00 to $ 205.00 and gave the stock a buy rating in a research note on Wednesday, April 6th. Wells Fargo & Company boosted their price target on shares of Arthur J. Gallagher & Co. from $ 193.00 to $ 209.00 and gave the company an overweight rating in a research note on Tuesday, April 12th. Finally, Raymond James upgraded shares of Arthur J. Gallagher & Co. from an outperform rating to a strong-buy rating and lifted their target price for the company from $ 185.00 to $ 195.00 in a report on Monday, May 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of Buy and a consensus price target of $ 179.93.
Shares of NYSE: AJG opened at $ 149.71 on Thursday. Arthur J. Gallagher & Co. has a 52-week low of $ 135.50 and a 52-week high of $ 187.02. The stock has a market cap of $ 31.45 billion, a P / E ratio of 32.98, a PEG ratio of 1.83 and a beta of 0.70. The business has a fifty day moving average of $ 165.49 and a two-hundred day moving average of $ 163.57. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.
Arthur J. Gallagher & Co. (NYSE: AJG – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $ 2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 2.77 by $ 0.04. Arthur J. Gallagher & Co. had a net margin of 11.41% and a return on equity of 15.45%. The firm had revenue of $ 2.40 billion during the quarter, compared to analyst estimates of $ 2.40 billion. During the same quarter in the prior year, the firm posted $ 2.02 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 7.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a dividend of $ 0.51 per share. This represents a $ 2.04 annualized dividend and a yield of 1.36%. Arthur J. Gallagher & Co.’s payout ratio is 44.93%.
In other news, insider Susan E. Pietrucha sold 4,966 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $ 162.04, for a total value of $ 804,690.64. Following the completion of the transaction, the insider now owns 17,160 shares in the company, valued at approximately $ 2,780,606.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of AJG. Amundi Pioneer Asset Management Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 59.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 211,330 shares of the financial services provider’s stock worth $ 16,504,000 after buying an additional 78,599 shares during the last quarter. Penserra Capital Management LLC lifted its position in Arthur J. Gallagher & Co. by 10.6% in the third quarter. Penserra Capital Management LLC now owns 699 shares of the financial services provider’s stock valued at $ 103,000 after acquiring an additional 67 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake in Arthur J. Gallagher & Co. by 10.8% in the third quarter. Beacon Pointe Advisors LLC now owns 2,223 shares of the financial services provider’s stock valued at $ 331,000 after acquiring an additional 217 shares in the last quarter. MML Investors Services LLC increased its position in shares of Arthur J. Gallagher & Co. by 8.0% during the third quarter. MML Investors Services LLC now owns 81,610 shares of the financial services provider’s stock worth $ 12,131,000 after purchasing an additional 6,056 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Arthur J. Gallagher & Co. by 6.1% in the 3rd quarter. LPL Financial LLC now owns 55,531 shares of the financial services provider’s stock valued at $ 8,255,000 after purchasing an additional 3,168 shares during the last quarter. Institutional investors own 84.18% of the company stock.
Arthur J. Gallagher & Co. Company Profile: (Get Rating)
Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom . It operates through Brokerage and Risk Management segments.
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