Arthur J. Gallagher & Co. (NYSE:AJG) Research Coverage Started at Redburn Atlantic

Redburn Atlantic began coverage on shares of Arthur J. Gallagher & Co. (NYSE:AJG) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a neutral rating and a $352.00 price target on the financial services provider’s stock.

A number of other research firms have also issued reports on AJG. Truist Financial lifted their target price on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price objective on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the company a “market perform” rating in a research note on Friday, March 21st. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price objective on the stock. in a report on Monday, November 25th. Finally, Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $313.20.

Arthur J. Gallagher & Co. Stock Up 1.5 %

Shares of NYSE:AJG opened at $341.78 on Tuesday. The firm has a market capitalization of $87.40 billion, a PE ratio of 52.42 and a beta of 0.75. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $345.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s 50-day moving average is $320.82 and its two-hundred day moving average is $300.66.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate 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%. Analysts predict that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.65 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.76%. Arthur J. Gallagher & Co.’s dividend payout ratio is 39.88%.

Insider Activity at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director Sherry S. Barrat sold 2,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total value of $760,825.00. Following the transaction, the director now directly owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. The trade was a 13.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher E. Mead sold 2,900 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $302.61, for a total transaction of $877,569.00. Following the transaction, the vice president now owns 14,674 shares of the company’s stock, valued at approximately $4,440,499.14. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,235 shares of company stock worth $7,478,224 in the last quarter. Company insiders own 1.60% of the company’s stock.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Arthur J. Gallagher & Co. by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider’s stock valued at $8,422,435,000 after buying an additional 3,851,661 shares during the period. FMR LLC lifted its holdings in Arthur J. Gallagher & Co. by 4.9% in the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after acquiring an additional 580,134 shares during the period. Capital International Investors boosted its position in shares of Arthur J. Gallagher & Co. by 3.1% during the 4th quarter. Capital International Investors now owns 10,067,647 shares of the financial services provider’s stock worth $2,857,737,000 after purchasing an additional 305,876 shares in the last quarter. State Street Corp grew its stake in shares of Arthur J. Gallagher & Co. by 0.5% during the 3rd quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock worth $2,513,199,000 after purchasing an additional 47,656 shares during the period. Finally, Capital World Investors increased its holdings in shares of Arthur J. Gallagher & Co. by 30.4% in the 4th quarter. Capital World Investors now owns 8,199,413 shares of the financial services provider’s stock valued at $2,327,403,000 after purchasing an additional 1,910,471 shares in the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

About Arthur J. Gallagher & Co.

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.