Arthur J. Gallagher & Co. (NYSE:AJG) PT Raised to $290.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its target price lifted by Royal Bank of Canada from $282.00 to $290.00 in a research note published on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods reaffirmed an underperform rating and issued a $240.00 target price on shares of Arthur J. Gallagher & Co. in a research report on Wednesday. Argus lifted their target price on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Wells Fargo & Company lifted their target price on Arthur J. Gallagher & Co. from $274.00 to $282.00 and gave the company an overweight rating in a research report on Wednesday. Piper Sandler dropped their target price on Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a neutral rating for the company in a research report on Monday, April 29th. Finally, Truist Financial reaffirmed a hold rating and issued a $255.00 target price (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $263.00.

Arthur J. Gallagher & Co. Stock Down 0.3 %

Shares of NYSE:AJG opened at $259.31 on Wednesday. The business has a 50-day moving average price of $251.09 and a 200 day moving average price of $242.55. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $56.66 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 2.33 and a beta of 0.72. Arthur J. Gallagher & Co. has a 12-month low of $210.86 and a 12-month high of $266.39.

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 analysts’ consensus estimates of $3.41 by $0.08. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $3.03 EPS. Sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.08 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, June 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,395 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $254.00, for a total transaction of $862,330.00. Following the completion of the sale, the chief accounting officer now owns 38,314 shares in the company, valued at $9,731,756. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Walter D. Bay sold 8,303 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $262.74, for a total transaction of $2,181,530.22. Following the completion of the sale, the general counsel now owns 36,388 shares in the company, valued at $9,560,583.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Richard C. Cary sold 3,395 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $254.00, for a total value of $862,330.00. Following the sale, the chief accounting officer now owns 38,314 shares of the company’s stock, valued at approximately $9,731,756. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,165 shares of company stock valued at $13,629,049. 1.60% of the stock is currently owned by corporate insiders.

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

Institutional investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC purchased a new stake in Arthur J. Gallagher & Co. during the first quarter worth approximately $27,000. Beaird Harris Wealth Management LLC lifted its stake in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $27,000. SJS Investment Consulting Inc. lifted its stake 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 buying an additional 106 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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.