Arthur J. Gallagher & Co. (NYSE:AJG) Receives $296.57 Average PT from Analysts

Arthur J. Gallagher & Co. (NYSE:AJG) has been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $296.57.

AJG has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock an “underperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their price target on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Truist Financial raised their price objective on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Barclays boosted their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Piper Sandler lifted their price objective on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research note on Friday, September 20th.

Insider Activity

In other news, VP Christopher E. Mead sold 2,800 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the transaction, the vice president now owns 14,674 shares in the company, valued at approximately $4,211,438. This represents a 16.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $284.70, for a total transaction of $1,992,900.00. Following the sale, the chief financial officer now owns 75,963 shares in the company, valued at approximately $21,626,666.10. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in Arthur J. Gallagher & Co. by 231.2% during the third quarter. Principal Financial Group Inc. now owns 885,796 shares of the financial services provider’s stock worth $249,237,000 after acquiring an additional 618,362 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Arthur J. Gallagher & Co. during the 3rd quarter worth about $3,764,000. Franklin Resources Inc. lifted its holdings in Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 523,324 shares of the financial services provider’s stock valued at $151,612,000 after purchasing an additional 7,368 shares during the last quarter. Tidal Investments LLC boosted its position in Arthur J. Gallagher & Co. by 37.2% in the third quarter. Tidal Investments LLC now owns 9,824 shares of the financial services provider’s stock valued at $2,764,000 after buying an additional 2,666 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Arthur J. Gallagher & Co. during the third quarter worth approximately $427,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Stock Up 0.2 %

Shares of NYSE:AJG opened at $279.09 on Friday. The firm has a 50 day simple moving average of $292.65 and a 200 day simple moving average of $282.72. The company has a market cap of $69.72 billion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $316.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, hitting analysts’ consensus estimates of $2.26. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $2.00 EPS. As a group, research analysts expect that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.40 annualized dividend and a yield of 0.86%. Arthur J. Gallagher & Co.’s dividend payout ratio is 45.71%.

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.