Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Lowered to $204.00 at Morgan Stanley

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) had its target price trimmed by Morgan Stanley from $215.00 to $204.00 in a report released on Tuesday, Stock Target Advisor reports. The firm currently has an equal weight rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the company. UBS Group boosted their target price on Arthur J. Gallagher & Co. to $197.00 in a research report on Friday, November 4th. Wells Fargo & Company upped their price objective on Arthur J. Gallagher & Co. from $212.00 to $215.00 and gave the stock an overweight rating in a research report on Friday, October 28th. Royal Bank of Canada upped their price objective on Arthur J. Gallagher & Co. from $196.00 to $200.00 and gave the stock an outperform rating in a research report on Friday, October 28th. Raymond James upped their price objective on Arthur J. Gallagher & Co. from $195.00 to $205.00 and gave the stock a strong-buy rating in a research report on Monday, August 1st. Finally, Piper Sandler lowered Arthur J. Gallagher & Co. from an overweight rating to a neutral rating and set a $195.00 price objective on the stock. in a research report on Wednesday, September 21st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of Moderate Buy and a consensus target price of $205.36.

Arthur J. Gallagher & Co. Stock Up 0.8 %

Shares of NYSE AJG opened at $197.23 on Tuesday. The firm has a market cap of $41.58 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.46 and a beta of 0.68. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 52-week low of $147.32 and a 52-week high of $198.02. The business’s 50 day moving average is $181.04 and its two-hundred day moving average is $173.77.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last announced its earnings results on Thursday, October 27th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.05. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.04 billion. Arthur J. Gallagher & Co. had a return on equity of 17.56% and a net margin of 12.86%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 earnings per share. Research analysts predict that Arthur J. Gallagher & Co. will post 7.77 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 1.03%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 40.16%.

Insider Transactions at Arthur J. Gallagher & Co.

In other news, Director William L. Bax sold 350 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $189.30, for a total transaction of $66,255.00. Following the completion of the sale, the director now owns 45,405 shares in the company, valued at $8,595,166.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director William L. Bax sold 350 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $189.30, for a total value of $66,255.00. Following the completion of the sale, the director now owns 45,405 shares in the company, valued at $8,595,166.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joel D. Cavaness sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $192.72, for a total transaction of $1,927,200.00. Following the completion of the sale, the vice president now owns 111,087 shares of the company’s stock, valued at approximately $21,408,686.64. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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

A number of hedge funds have recently added to or reduced their stakes in AJG. Steward Partners Investment Advisory LLC increased its holdings in Arthur J. Gallagher & Co. by 17.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,050 shares of the financial services provider’s stock valued at $358,000 after buying an additional 309 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Arthur J. Gallagher & Co. in the first quarter valued at about $25,000. Metis Global Partners LLC increased its holdings in Arthur J. Gallagher & Co. by 81.6% in the first quarter. Metis Global Partners LLC now owns 3,279 shares of the financial services provider’s stock valued at $573,000 after buying an additional 1,473 shares in the last quarter. Arizona State Retirement System increased its holdings in Arthur J. Gallagher & Co. by 2.5% in the first quarter. Arizona State Retirement System now owns 57,697 shares of the financial services provider’s stock valued at $10,074,000 after buying an additional 1,406 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Arthur J. Gallagher & Co. by 14.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 590 shares of the financial services provider’s stock valued at $103,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

About Arthur J. Gallagher & Co.

(Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

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

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