Recent Investment Analysts’ Ratings Updates for Arthur J. Gallagher & Co. (AJG)

A number of research firms have changed their ratings and price targets for Arthur J. Gallagher & Co. (NYSE: AJG):

• 4/10/2024 – Arthur J. Gallagher & Co. had its price target lowered by analysts at Keefe, Bruyette & Woods from $246.00 to $240.00. They now have an “underperform” rating on the stock.
• 4/10/2024 – Arthur J. Gallagher & Co. had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $255.00 price target on the stock, down previously from $280.00.
• 4/2/2024 – Arthur J. Gallagher & Co. had its price target raised by analysts at TD Cowen from $249.00 to $273.00. They now have a “hold” rating on the stock.
• 3/26/2024 – Arthur J. Gallagher & Co. had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $280.00 price target on the stock.
• 3/22/2024 – Arthur J. Gallagher & Co. had its price target raised by analysts at Royal Bank of Canada from $270.00 to $282.00. They now have an “outperform” rating on the stock.

Arthur J. Gallagher & Co. Trading Down 1.7 %

Shares of NYSE:AJG opened at $240.02 on Thursday. The stock has a market capitalization of $52.40 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 2.34 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $244.58 and its two-hundred day simple moving average is $238.55. Arthur J. Gallagher & Co. has a 52-week low of $194.98 and a 52-week high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 25th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a return on equity of 18.49% and a net margin of 9.63%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm posted $1.54 earnings per share. Analysts expect that Arthur J. Gallagher & Co. will post 10.06 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.60 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.40 annualized dividend and a dividend yield of 1.00%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 54.05%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $237.65, for a total value of $2,925,233.85. Following the transaction, the vice president now owns 322,797 shares of the company’s stock, valued at $76,712,707.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $234.04, for a total transaction of $117,020.00. Following the sale, the director now owns 45,038 shares of the company’s stock, valued at approximately $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $237.65, for a total value of $2,925,233.85. Following the sale, the vice president now directly owns 322,797 shares in the company, valued at approximately $76,712,707.05. The disclosure for this sale can be found here. Insiders have sold 29,016 shares of company stock valued at $7,176,180 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Arthur J. Gallagher & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. raised its stake in Arthur J. Gallagher & Co. by 4.0% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,286 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 88 shares during the period. Fidelis Capital Partners LLC increased its stake in Arthur J. Gallagher & Co. by 3.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,325 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 47 shares during the last quarter. Legato Capital Management LLC increased its stake in Arthur J. Gallagher & Co. by 43.7% in the 4th quarter. Legato Capital Management LLC now owns 13,495 shares of the financial services provider’s stock worth $3,035,000 after acquiring an additional 4,102 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its stake in Arthur J. Gallagher & Co. by 7.4% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,913 shares of the financial services provider’s stock worth $892,000 after acquiring an additional 268 shares during the last quarter. Finally, Comerica Bank bought a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth approximately $511,910,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.