Arthur J. Gallagher & Co. (NYSE:AJG) PT Lowered to $252.00

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective decreased by stock analysts at Piper Sandler from $253.00 to $252.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price would suggest a potential upside of 7.37% from the stock’s current price.

Several other brokerages have also recently weighed in on AJG. Royal Bank of Canada upped 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 note on Friday, March 22nd. TD Cowen upped their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. 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 note on Tuesday, January 9th. Truist Financial reissued a “hold” rating and set a $255.00 price target (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods decreased 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 note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $255.31.

Arthur J. Gallagher & Co. Stock Performance

NYSE AJG opened at $234.71 on Monday. The stock has a market cap of $51.24 billion, a P/E ratio of 47.51, a PEG ratio of 2.20 and a beta of 0.68. The company’s 50-day simple moving average is $243.98 and its 200 day simple moving average is $239.00. Arthur J. Gallagher & Co. has a twelve month low of $198.52 and a twelve month high of $256.10. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.70.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.08. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Arthur J. Gallagher & Co. had a net margin of 10.27% and a return on equity of 18.94%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.03 earnings per share. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 10.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Arthur J. Gallagher & Co.

In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Arthur J. Gallagher & Co. news, Director David S. Johnson sold 500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $234.04, for a total value of $117,020.00. Following the sale, the director now directly owns 45,038 shares in the company, valued at $10,540,693.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joel D. Cavaness sold 1,207 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $255.20, for a total transaction of $308,026.40. Following the completion of the sale, the vice president now owns 2,023 shares in the company, valued at $516,269.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,016 shares of company stock valued at $7,176,180. 1.60% of the stock is currently owned by insiders.

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

Several hedge funds have recently bought and sold shares of the company. Greenleaf Trust raised its holdings in shares of Arthur J. Gallagher & Co. by 1.4% during the third quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock worth $676,000 after acquiring an additional 42 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of Arthur J. Gallagher & Co. by 14.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 43 shares during the period. Forte Capital LLC ADV raised its holdings in shares of Arthur J. Gallagher & Co. by 1.9% during the fourth quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 44 shares during the period. J.W. Cole Advisors Inc. increased its stake in Arthur J. Gallagher & Co. by 4.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after buying an additional 44 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in Arthur J. Gallagher & Co. by 3.9% in the 3rd quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock valued at $280,000 after buying an additional 46 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

About Arthur J. Gallagher & Co.

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.