Arthur J. Gallagher & Co.’s (AJG) Maintains Rating Reiterated at VNET Group

VNET Group reaffirmed their maintains rating on shares of Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) in a report released on Tuesday, Benzinga reports.

Other equities analysts have also issued research reports about the company. StockNews.com began coverage on Arthur J. Gallagher & Co. in a research note on Thursday, May 18th. They issued a hold rating on the stock. 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 report on Friday, March 17th. Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $225.00 to $230.00 in a research report on Friday, April 28th. Argus upped their price target on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research report on Monday, May 1st. Finally, Citigroup raised their price objective on shares of Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research report on Tuesday, April 18th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of Moderate Buy and a consensus price target of $217.71.

Arthur J. Gallagher & Co. Trading Down 0.2 %

Shares of NYSE AJG traded down $0.51 during trading on Tuesday, hitting $203.81. 632,881 shares of the company were exchanged, compared to its average volume of 893,565. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 12-month low of $148.24 and a 12-month high of $219.23. The company has a fifty day moving average price of $202.48 and a 200-day moving average price of $195.22. The firm has a market capitalization of $43.67 billion, a PE ratio of 37.85, a P/E/G ratio of 2.23 and a beta of 0.69.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, June 1st. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 40.82%.

Insider Activity at Arthur J. Gallagher & Co.

In related news, CAO Richard C. Cary sold 3,204 shares of the firm’s 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 sale, the chief accounting officer now directly owns 37,285 shares of the company’s stock, valued at $8,113,961.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 2,850 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $180.98, for a total transaction of $515,793.00. Following the transaction, the chief financial officer now directly owns 90,715 shares in the company, valued at approximately $16,417,600.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard C. Cary sold 3,204 shares of the business’s 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 completion of the sale, the chief accounting officer now owns 37,285 shares of the company’s stock, valued at $8,113,961.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,354 shares of company stock worth $25,882,434. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

A number of large investors have recently bought and sold shares of AJG. ProShare Advisors LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 13.3% in the 1st quarter. ProShare Advisors LLC now owns 46,923 shares of the financial services provider’s stock worth $8,977,000 after acquiring an additional 5,503 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at approximately $1,786,000. Toroso Investments LLC boosted its position in shares of Arthur J. Gallagher & Co. by 6.3% during the first quarter. Toroso Investments LLC now owns 5,098 shares of the financial services provider’s stock worth $975,000 after buying an additional 301 shares during the period. Raleigh Capital Management Inc. grew its holdings in 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 worth $827,000 after buying an additional 177 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $953,000. Institutional investors own 82.07% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

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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.