Shares of Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) have been given a consensus rating of "Hold" by the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $296.57.

AJG has been the topic of several research analyst reports. Bank of America boosted their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. The Goldman Sachs Group downgraded shares of Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Piper Sandler lifted their target price on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods upped their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company an "underperform" rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price objective on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th.

Get Our Latest Stock Report on Arthur J. Gallagher & Co.

AJG opened at $284.59 on Friday. The firm has a market capitalization of $62.44 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The business's 50-day moving average is $293.33 and its two-hundred day moving average is $282.05. Arthur J. Gallagher & Co. has a 1 year low of $218.63 and a 1 year high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a net margin of 10.40% and a return on equity of 19.12%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the business posted $2.00 EPS. Arthur J. Gallagher & Co.'s revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.60 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.40 annualized dividend and a yield of 0.84%. Arthur J. Gallagher & Co.'s dividend payout ratio is presently 45.71%.

In related news, VP Christopher E. Mead sold 2,800 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at $4,211,438. The trade was a 16.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of the company's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $284.70, for a total value of $1,992,900.00. Following the completion of the transaction, the chief financial officer now directly owns 75,963 shares of the company's stock, valued at $21,626,666.10. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,800 shares of company stock valued at $4,789,260 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in Arthur J. Gallagher & Co. in the 2nd quarter worth about $26,000. Pin Oak Investment Advisors Inc. increased its stake in Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after buying an additional 87 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 89.7% during the second quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 52 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Arthur J. Gallagher & Co. in the second quarter valued at approximately $29,000. Hedge funds and other 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.

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