Arthur J. Gallagher & Co. (NYSE:AJG) Sets New 52-Week High at $262.73

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $262.73 and last traded at $262.73, with a volume of 18149 shares changing hands. The stock had previously closed at $261.16.

Analyst Upgrades and Downgrades

AJG has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Arthur J. Gallagher & Co. from $246.00 to $240.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Truist Financial reiterated a “hold” rating and set a $255.00 price target (down previously from $280.00) on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, April 10th. Bank of America raised their target price on shares of Arthur J. Gallagher & Co. from $233.00 to $255.00 and gave the company an “underperform” rating in a research report on Wednesday, May 22nd. Piper Sandler cut their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, TD Cowen lifted their price target on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. has a consensus rating of “Hold” and an average price target of $260.58.

Get Our Latest Research Report on Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. Trading Up 0.0 %

The firm has a market capitalization of $57.09 billion, a PE ratio of 52.87, a PEG ratio of 2.34 and a beta of 0.72. The firm’s fifty day moving average is $246.50 and its two-hundred day moving average is $241.49. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.08. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 10.06 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.60 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.92%. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 48.58%.

Insider Transactions at Arthur J. Gallagher & Co.

In related news, Director David S. Johnson sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total value of $219,164.00. Following the transaction, the director now owns 45,108 shares of the company’s stock, valued at $11,630,646.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director David S. Johnson sold 850 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $257.84, for a total transaction of $219,164.00. Following the sale, the director now owns 45,108 shares in the company, valued at $11,630,646.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Douglas K. Howell sold 5,100 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $257.04, for a total transaction of $1,310,904.00. Following the sale, the chief financial officer now owns 75,852 shares in the company, valued at approximately $19,496,998.08. The disclosure for this sale can be found here. Insiders sold 34,862 shares of company stock worth $8,813,019 over the last three months. 1.60% of the stock is currently owned by company insiders.

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

Several large investors have recently bought and sold shares of AJG. Beaird Harris Wealth Management LLC lifted its position in shares of Arthur J. Gallagher & Co. by 175.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $26,000 after buying an additional 72 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the first quarter valued at about $27,000. SJS Investment Consulting Inc. increased its holdings in shares of Arthur J. Gallagher & Co. by 460.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 129 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at about $31,000. Institutional investors own 85.53% of the company’s stock.

About Arthur J. Gallagher & Co.

(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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