Arthur J Gallagher & Co (NYSE:AJG) Receives $94.43 Consensus Price Target from Brokerages
Posted by Frank Smitson on Jan 16th, 2020
Arthur J Gallagher & Co (NYSE:AJG) has earned a consensus rating of "Buy" from the eight brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $93.67.
Several equities analysts have recently issued reports on AJG shares. SunTrust Banks upped their target price on Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Royal Bank of Canada set a $91.00 price objective on Arthur J Gallagher & Co and gave the company a "hold" rating in a research note on Friday, October 25th. Barclays reiterated a "buy" rating and issued a $113.00 price objective on shares of Arthur J Gallagher & Co in a research note on Tuesday. ValuEngine downgraded Arthur J Gallagher & Co from a "buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co reiterated a "buy" rating on shares of Arthur J Gallagher & Co in a research note on Monday.
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Shares of AJG stock traded up $0.90 during trading on Friday, hitting $95.75. The company's stock had a trading volume of 6,232 shares, compared to its average volume of 638,094. The company has a market cap of $17.67 billion, a PE ratio of 27.74, a P/E/G ratio of 2.33 and a beta of 0.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $94.06 and a 200-day moving average of $90.81. Arthur J Gallagher & Co has a 52 week low of $71.55 and a 52 week high of $96.20.
Arthur J Gallagher & Co (NYSE:AJG) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. Arthur J Gallagher & Co had a return on equity of 14.38% and a net margin of 9.69%. Arthur J Gallagher & Co's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. As a group, research analysts predict that Arthur J Gallagher & Co will post 3.62 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.72 annualized dividend and a dividend yield of 1.80%. Arthur J Gallagher & Co's dividend payout ratio is currently 49.86%.
In other Arthur J Gallagher & Co news, Director Frank E. Jr. English sold 1,450 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $91.46, for a total transaction of $132,617.00. Following the sale, the director now owns 7,150 shares in the company, valued at $653,939. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 1,944 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.32, for a total value of $185,302.08. Following the sale, the general counsel now owns 67,644 shares in the company, valued at approximately $6,447,826.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,493 shares of company stock worth $3,414,652. Company insiders own 1.30% of the company's stock.
Several large 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 first quarter. Amundi Pioneer Asset Management Inc. now owns 211,330 shares of the financial services provider's stock worth $16,504,000 after acquiring an additional 78,599 shares in the last quarter. M&T Bank Corp raised its position in shares of Arthur J Gallagher & Co by 15.7% in the second quarter. M&T Bank Corp now owns 67,959 shares of the financial services provider's stock worth $5,951,000 after buying an additional 9,232 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Arthur J Gallagher & Co by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 1,714,029 shares of the financial services provider's stock worth $150,131,000 after buying an additional 24,997 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of Arthur J Gallagher & Co by 8.3% in the second quarter. Cetera Advisor Networks LLC now owns 4,410 shares of the financial services provider's stock worth $387,000 after buying an additional 338 shares in the last quarter. Finally, Resources Investment Advisors LLC. bought a new position in Arthur J Gallagher & Co in the second quarter valued at $477,000. Hedge funds and other institutional investors own 82.78% of the company's stock.
Arthur J Gallagher & Co Company Profile
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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