Brokerages Set Arthur J. Gallagher & Co. (NYSE:AJG) Target Price at $255.31

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $255.31.

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

Insider Transactions at Arthur J. Gallagher & Co.

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

Institutional Trading of Arthur J. Gallagher & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC boosted its holdings in shares of 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. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 460.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares during the period. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter worth approximately $31,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Price Performance

Shares of AJG opened at $245.08 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day moving average price of $243.71 and a 200-day moving average price of $239.27. Arthur J. Gallagher & Co. has a fifty-two week low of $198.52 and a fifty-two week high of $256.10. The stock has a market capitalization of $53.55 billion, a PE ratio of 49.61, a PEG ratio of 2.23 and a beta of 0.69.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. Arthur J. Gallagher & Co.’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.03 earnings per share. Equities analysts predict that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

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

About Arthur J. Gallagher & Co.

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.