Analysts Set Arthur J. Gallagher & Co. (NYSE:AJG) PT at $307.00

Shares of Arthur J. Gallagher & Co. (NYSE:AJG) have received an average recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $307.00.

AJG has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays raised their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. BMO Capital Markets raised their target price on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $295.00 to $377.00 in a research note on Friday, January 10th.

Arthur J. Gallagher & Co. Trading Down 1.3 %

NYSE AJG opened at $337.27 on Friday. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $345.43. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $305.06 and a 200-day moving average of $296.00. The company has a market cap of $85.90 billion, a PE ratio of 51.73 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, March 7th. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 325 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now owns 44,783 shares of the company’s stock, valued at $14,422,812.98. This represents a 0.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Richard C. Cary sold 10,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $322.99, for a total value of $3,229,900.00. Following the sale, the chief accounting officer now directly owns 69,774 shares in the company, valued at approximately $22,536,304.26. This trade represents a 12.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,725 shares of company stock valued at $4,972,964 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Arthur J. Gallagher & Co.

Institutional investors have recently bought and sold shares of the company. REAP Financial Group LLC grew its holdings in Arthur J. Gallagher & Co. by 50.0% in the fourth quarter. REAP Financial Group LLC now owns 213 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 71 shares during the period. Jefferies Financial Group Inc. increased its position in Arthur J. Gallagher & Co. by 473.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,770 shares of the financial services provider’s stock valued at $1,638,000 after buying an additional 4,764 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in Arthur J. Gallagher & Co. by 4,033.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 372 shares of the financial services provider’s stock worth $105,000 after buying an additional 363 shares during the period. Armis Advisers LLC bought a new position in Arthur J. Gallagher & Co. in the fourth quarter worth approximately $268,000. Finally, Integrated Advisors Network LLC acquired a new stake in Arthur J. Gallagher & Co. in the fourth quarter valued at approximately $639,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.