Arthur J. Gallagher & Co. (NYSE:AJG) Given New $252.00 Price Target at Piper Sandler

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target decreased by Piper Sandler from $253.00 to $252.00 in a research report sent to investors on Monday, Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on AJG. Jefferies Financial Group downgraded shares of Arthur J. Gallagher & Co. from a buy rating to a hold rating and decreased their price target for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. TD Cowen raised their price objective 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. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an underperform rating on the stock in a research report on Wednesday, April 10th. Truist Financial restated a hold rating and set a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada raised their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an outperform rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $255.31.

Arthur J. Gallagher & Co. Trading Up 1.7 %

Shares of AJG stock opened at $238.59 on Monday. Arthur J. Gallagher & Co. has a 12-month low of $198.52 and a 12-month high of $256.10. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $243.95 and its 200 day moving average is $239.00. The stock has a market capitalization of $52.08 billion, a P/E ratio of 48.30, a P/E/G ratio of 2.18 and a beta of 0.68.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results 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. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the company posted $3.03 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Research analysts expect that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.01%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Insider Buying and Selling

In related news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. 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 transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Joel D. Cavaness sold 1,207 shares of Arthur J. Gallagher & Co. 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 transaction, the vice president now directly owns 2,023 shares of the company’s stock, valued at approximately $516,269.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott R. Hudson sold 15,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $255.06, for a total transaction of $3,825,900.00. Following the sale, the vice president now owns 96,709 shares of the company’s stock, valued at approximately $24,666,597.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,016 shares of company stock valued at $7,176,180. Company insiders own 1.60% of the company’s stock.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC lifted its holdings in Arthur J. Gallagher & Co. by 175.6% during the 3rd 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 in the last quarter. Richardson Financial Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Arthur J. Gallagher & Co. during the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 460.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at about $31,000. 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.