Arthur J. Gallagher & Co. (NYSE:AJG) Receives $217.71 Average Price Target from Analysts

Shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) have received a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $217.71.

Several research analysts recently weighed in on AJG shares. Argus boosted their price objective on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research report on Monday, May 1st. Keefe, Bruyette & Woods cut their price target on Arthur J. Gallagher & Co. from $213.00 to $211.00 and set a “market perform” rating on the stock in a research note on Friday, March 17th. Truist Financial boosted their price objective on Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, January 30th. Wells Fargo & Company raised their target price on shares of Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Finally, StockNews.com began coverage on shares of Arthur J. Gallagher & Co. in a research note on Thursday, May 18th. They set a “hold” rating for the company.

Insider Activity at Arthur J. Gallagher & Co.

In other news, VP Scott R. Hudson sold 18,700 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $190.66, for a total value of $3,565,342.00. Following the sale, the vice president now owns 42,231 shares of the company’s stock, valued at $8,051,762.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Scott R. Hudson sold 18,700 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $190.66, for a total value of $3,565,342.00. Following the completion of the transaction, the vice president now owns 42,231 shares in the company, valued at approximately $8,051,762.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Richard C. Cary sold 3,204 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $217.62, for a total value of $697,254.48. Following the transaction, the chief accounting officer now directly owns 37,285 shares of the company’s stock, valued at $8,113,961.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,354 shares of company stock valued at $25,882,434. 1.60% of the stock is owned by insiders.

Institutional Trading of Arthur J. Gallagher & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 4.3% in the 1st quarter. Raleigh Capital Management Inc. now owns 4,321 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 177 shares during the period. Arete Wealth Advisors LLC bought a new stake in Arthur J. Gallagher & Co. in the first quarter valued at approximately $953,000. Ameriprise Financial Inc. lifted its position in shares of Arthur J. Gallagher & Co. by 14.0% in the first quarter. Ameriprise Financial Inc. now owns 129,479 shares of the financial services provider’s stock valued at $24,771,000 after buying an additional 15,930 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Arthur J. Gallagher & Co. by 13.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,956 shares of the financial services provider’s stock worth $1,905,000 after acquiring an additional 1,154 shares during the period. Finally, Advisory Services Network LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 6.8% during the 1st quarter. Advisory Services Network LLC now owns 7,043 shares of the financial services provider’s stock worth $1,348,000 after acquiring an additional 448 shares during the last quarter. 82.07% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Trading Down 0.7 %

Shares of NYSE AJG opened at $214.59 on Friday. Arthur J. Gallagher & Co. has a 1-year low of $148.24 and a 1-year high of $219.23. The company has a 50-day moving average of $201.04 and a two-hundred day moving average of $194.96. The company has a market cap of $45.98 billion, a PE ratio of 39.81, a P/E/G ratio of 2.35 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.61.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, June 1st. This represents a $2.20 annualized dividend and a dividend yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 40.82%.

About Arthur J. Gallagher & Co.

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Arthur J. Gallagher & Co engages in the provision of insurance 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.