Arthur J. Gallagher & Co. (NYSE:AJG) Now Covered by Analysts at Redburn Atlantic

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

A number of other equities research analysts have also issued reports on the company. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research note on Monday, November 25th. Wells Fargo & Company increased their price objective on Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $295.00 to $377.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $313.20.

Arthur J. Gallagher & Co. Stock Up 1.5 %

Arthur J. Gallagher & Co. stock opened at $341.78 on Tuesday. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $345.43. The firm has a market capitalization of $87.40 billion, a price-to-earnings ratio of 52.42 and a beta of 0.75. The stock’s fifty day moving average is $320.82 and its two-hundred day moving average is $300.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued 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%. Analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.76%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 39.88%.

Insider Activity

In related news, Director David S. Johnson sold 325 shares of Arthur J. Gallagher & Co. stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total value of $104,669.50. Following the transaction, the director now owns 44,783 shares in the company, valued at approximately $14,422,812.98. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Monday, February 3rd. The stock was sold at an average price of $302.61, for a total value of $877,569.00. Following the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,440,499.14. This represents a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,235 shares of company stock valued at $7,478,224 in the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AJG. Valley National Advisers Inc. purchased a new position in shares of Arthur J. Gallagher & Co. in the 4th quarter valued at $25,000. MRP Capital Investments LLC purchased a new position in Arthur J. Gallagher & Co. in the fourth quarter valued at about $28,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 543.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Arthur J. Gallagher & Co. by 81.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after buying an additional 49 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 205.4% during the 4th quarter. Johnson Financial Group Inc. now owns 113 shares of the financial services provider’s stock valued at $34,000 after buying an additional 76 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

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.