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Arthur J. Gallagher & Co. (AJG) Stock Price, News & Analysis

$294.19
-0.76 (-0.26%)
(As of 09/6/2024 ET)
Today's Range
$293.59
$296.75
50-Day Range
$259.13
$297.74
52-Week Range
$218.63
$298.24
Volume
671,525 shs
Average Volume
826,065 shs
Market Capitalization
$64.28 billion
P/E Ratio
59.55
Dividend Yield
0.82%
Price Target
$276.82

Arthur J. Gallagher & Co. MarketRank™ Stock Analysis

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
5.9% Downside
$276.82 Price Target
Short Interest
Healthy
1.07% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
0.85mentions of Arthur J. Gallagher & Co. in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$13.34 M Sold Last Quarter
Proj. Earnings Growth
12.01%
From $10.16 to $11.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.62 out of 5 stars

Finance Sector

80th out of 871 stocks

Insurance Agents, Brokers, & Service Industry

1st out of 21 stocks

AJG stock logo

About Arthur J. Gallagher & Co. Stock (NYSE:AJG)

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. This segment performs activities, including marketing, underwriting, issuing policies, collecting premiums, appointing and supervising other agents, paying claims, and negotiating reinsurance; and offers services in the areas of insurance and reinsurance placement, risk of loss management, and management of employer sponsored benefit programs. The Risk Management segment provides contract claim settlement and administration services; and claims management, loss control consulting, and insurance property appraisal services. The company offers its services through a network of correspondent brokers and consultants. It serves commercial, industrial, public, religious, and nonprofit entities, as well as underwriting enterprises. Arthur J. Gallagher & Co. was founded in 1927 and is headquartered in Rolling Meadows, Illinois.

AJG Stock Price History

AJG Stock News Headlines

The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
10 Safe Stocks to Buy According to Billionaire Chilton
See More Headlines
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Company Calendar

Ex-Dividend for 6/21 Dividend
6/07/2024
Dividend Payable
6/21/2024
Last Earnings
7/25/2024
Ex-Dividend for 9/20 Dividend
9/06/2024
Today
9/07/2024
Dividend Payable
9/20/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Insurance agents, brokers, & service
Sub-Industry
Insurance Brokers
CUSIP
36357610
Employees
52,000
Year Founded
1927

Price Target and Rating

Average Stock Price Target
$276.82
High Stock Price Target
$310.00
Low Stock Price Target
$252.00
Potential Upside/Downside
-5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
16 Analysts

Profitability

Net Income
$969.50 million
Pretax Margin
12.96%

Debt

Sales & Book Value

Annual Sales
$10.96 billion
Cash Flow
$12.19 per share
Book Value
$52.94 per share

Miscellaneous

Free Float
215,004,000
Market Cap
$64.28 billion
Optionable
Optionable
Beta
0.72

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Should I Buy Arthur J. Gallagher & Co. Stock? AJG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Arthur J. Gallagher & Co.:

  • Arthur J. Gallagher & Co. stock price has been on an upward trend, reaching a 52-week high of $287.60.
  • The company reported strong quarterly earnings, with a net margin of 10.41% and a return on equity of 19.25%.
  • Analysts expect Arthur J. Gallagher & Co. to post $10.15 earnings per share for the current fiscal year, indicating potential growth.
  • Several hedge funds and institutional investors have been increasing their stakes in AJG, showing confidence in the company's performance.
  • The company pays a quarterly dividend of $0.60 per share, providing investors with a steady income stream.

Cons

Investors should be bearish about investing in Arthur J. Gallagher & Co. for these reasons:

  • Arthur J. Gallagher & Co. stock is currently trading down 0.5%, indicating short-term market volatility.
  • Some analysts have issued "underperform" ratings on AJG, suggesting potential challenges in the company's performance.
  • The company's price-to-earnings ratio of 57.68 may be considered high by some investors, indicating a premium valuation.
  • There is a debt-to-equity ratio of 0.67, which could pose risks in case of economic downturns or financial instability.
  • While the company has shown growth, there are concerns about the price-to-earnings-growth ratio of 2.35, indicating potential overvaluation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Arthur J. Gallagher & Co. pros and cons to contact@marketbeat.com.

AJG Stock Analysis - Frequently Asked Questions

How have AJG shares performed this year?

Arthur J. Gallagher & Co.'s stock was trading at $224.88 at the beginning of 2024. Since then, AJG stock has increased by 30.8% and is now trading at $294.19.
View the best growth stocks for 2024 here
.

How were Arthur J. Gallagher & Co.'s earnings last quarter?

Arthur J. Gallagher & Co. (NYSE:AJG) issued its quarterly earnings results on Thursday, July, 25th. The financial services provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.02. The firm's revenue was up 14.3% compared to the same quarter last year.
Read the conference call transcript
.

What is J. Patrick Gallagher Jr.'s approval rating as Arthur J. Gallagher & Co.'s CEO?

708 employees have rated Arthur J. Gallagher & Co. Chief Executive Officer J. Patrick Gallagher Jr. on Glassdoor.com. J. Patrick Gallagher Jr. has an approval rating of 87% among the company's employees.

Does Arthur J. Gallagher & Co. have any subsidiaries?

Arthur J. Gallagher & Co. subsidiaries include these companies: Optimum Talent, LSG Insurance Partners, The Human Capital Group, Gillis Ellis & Baker Inc., BluePeak Advisors, P2 Group, Cairnstone Financial, and others.

Who are Arthur J. Gallagher & Co.'s major shareholders?

Top institutional investors of Arthur J. Gallagher & Co. include Massachusetts Financial Services Co. MA (1.29%), Baillie Gifford & Co. (1.14%), Legal & General Group Plc (0.75%) and Brown Brothers Harriman & Co. (0.67%). Insiders that own company stock include Thomas Joseph Gallagher, Scott R Hudson, Douglas K Howell, William L Bax, David S Johnson, Richard C Cary, William F Ziebell, Patrick Murphy Gallagher, Walter D Bay, Kay W Mccurdy, Sherry S Barrat, Christopher E Mead, Joel D Cavaness, Susan E Pietrucha and J Patrick Gallagher Jr.
View institutional ownership trends
.

How do I buy shares of Arthur J. Gallagher & Co.?

Shares of AJG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Arthur J. Gallagher & Co. own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Arthur J. Gallagher & Co. investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), Pfizer (PFE), Walmart (WMT) and JPMorgan Chase & Co. (JPM).

This page (NYSE:AJG) was last updated on 9/7/2024 by MarketBeat.com Staff

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