Arthur J. Gallagher & Co. (NYSE:AJG) Given New $273.00 Price Target at TD Cowen

Arthur J. Gallagher & Co. (NYSE:AJGFree Report) had its target price upped by TD Cowen from $249.00 to $273.00 in a research note released on Tuesday morning, Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on AJG. Jefferies Financial Group cut shares of Arthur J. Gallagher & Co. from a buy rating to a hold rating and decreased their price objective for the stock from $279.00 to $233.00 in a research report on Tuesday, January 9th. Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the stock an outperform rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $246.00 and set an underperform rating for the company in a research report on Friday, January 26th. Raymond James cut shares of Arthur J. Gallagher & Co. from a strong-buy rating to a market perform rating in a research report on Tuesday, December 12th. Finally, Truist Financial restated a buy rating and issued a $280.00 price target on shares of Arthur J. Gallagher & Co. in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $257.62.

Get Our Latest Stock Analysis on AJG

Arthur J. Gallagher & Co. Price Performance

AJG stock opened at $245.36 on Tuesday. The company has a fifty day moving average price of $243.33 and a 200-day moving average price of $238.09. The company has a market capitalization of $53.56 billion, a P/E ratio of 55.26, a PEG ratio of 2.40 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52-week low of $190.00 and a 52-week high of $256.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 1.03.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Arthur J. Gallagher & Co. had a net margin of 9.63% and a return on equity of 18.49%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the company posted $1.54 earnings per share. As a group, equities analysts expect that Arthur J. Gallagher & Co. will post 10.07 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.60 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, February 29th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 54.05%.

Insider Activity

In other news, Director David S. Johnson sold 500 shares of Arthur J. Gallagher & Co. stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total transaction of $117,020.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at $10,540,693.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Joseph Gallagher sold 12,309 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $237.65, for a total transaction of $2,925,233.85. Following the transaction, the vice president now directly owns 322,797 shares in the company, valued at $76,712,707.05. The disclosure for this sale can be found here. Insiders sold 29,016 shares of company stock worth $7,176,180 over the last three months. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AJG. Beaird Harris Wealth Management LLC raised its position in Arthur J. Gallagher & Co. by 175.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 72 shares during the period. Richardson Financial Services Inc. bought a new stake in Arthur J. Gallagher & Co. in the fourth quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Arthur J. Gallagher & Co. in the third quarter worth about $28,000. SJS Investment Consulting Inc. raised its position in Arthur J. Gallagher & Co. by 460.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 106 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new stake in Arthur J. Gallagher & Co. in the second quarter worth about $30,000. 85.53% of the stock is owned by institutional investors.

Arthur J. Gallagher & Co. Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Arthur J. Gallagher & Co. (NYSE:AJG)

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