Analysts Set Arthur J. Gallagher & Co. (NYSE:AJG) PT at $255.31

Arthur J. Gallagher & Co. (NYSE:AJG) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $255.31.

A number of research firms have recently issued reports on AJG. Truist Financial reiterated a “hold” rating and issued a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a report on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price objective on Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. TD Cowen upped their target price on Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Piper Sandler lowered their price target on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG stock opened at $245.08 on Friday. The firm has a fifty day moving average of $243.71 and a 200-day moving average of $239.27. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $53.55 billion, a price-to-earnings ratio of 49.61, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69. Arthur J. Gallagher & Co. has a 12-month low of $198.52 and a 12-month high of $256.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.08. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.03 earnings per share. On average, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is 48.58%.

Insiders Place Their Bets

In other news, VP Joel D. Cavaness sold 1,207 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares in the company, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Joel D. Cavaness sold 1,207 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $255.20, for a total value of $308,026.40. Following the transaction, the vice president now owns 2,023 shares of the company’s stock, valued at $516,269.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott R. Hudson sold 15,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $255.06, for a total value of $3,825,900.00. Following the transaction, the vice president now owns 96,709 shares in the company, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

A number of large investors have recently bought and sold shares of AJG. Beaird Harris Wealth Management LLC lifted its stake in Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 72 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the third quarter valued at about $28,000. SJS Investment Consulting Inc. grew its position in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth about $31,000. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Company Profile

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.