Arthur J. Gallagher & Co. (NYSE:AJG) Given New $307.00 Price Target at Mizuho

Arthur J. Gallagher & Co. (NYSE:AJG) had its price objective raised by Mizuho from $302.00 to $307.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the stock. Piper Sandler restated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research note on Thursday, September 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a report on Friday, October 30th. Citigroup downgraded shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $285.00 to $300.00 in a report on Monday, November 2nd. BMO Capital Markets lowered shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “market perform” rating and set a $295.00 target price for the company. in a research report on Tuesday, November 3rd. Finally, Morgan Stanley decreased their price target on shares of Arthur J. Gallagher & Co. from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $292.32.

Arthur J. Gallagher & Co. Stock Performance

AJG traded up $5.32 on Friday, hitting $282.60. The company had a trading volume of 1,182,189 shares, compared to its average volume of 1,887,548. The company’s fifty day moving average price is $251.69 and its 200 day moving average price is $233.96. Arthur J. Gallagher & Co. has a 1-year low of $190.75 and a 1-year high of $294.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $72.46 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.99 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.90% and a net margin of 10.39%. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities analysts predict that Arthur J. Gallagher & Co. will post 13.13 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, December 7th will be paid a $0.70 dividend. The ex-dividend date is Monday, December 7th. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 42.81%.

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

In other Arthur J. Gallagher & Co. news, insider Susan E. Pietrucha sold 15,020 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $282.30, for a total value of $4,240,146.00. Following the sale, the insider directly owned 16,791 shares in the company, valued at $4,740,099.30. This trade represents a 47.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas K. Howell sold 30,996 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $275.15, for a total transaction of $8,528,549.40. Following the transaction, the chief financial officer owned 92,961 shares in the company, valued at approximately $25,578,219.15. The trade was a 25.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,616 shares of company stock valued at $29,193,156 in the last three months. 1.40% of the stock is owned by insiders.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC raised its holdings in Arthur J. Gallagher & Co. by 715,906.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 9,694,727 shares of the financial services provider’s stock valued at $2,211,464,000 after acquiring an additional 9,693,373 shares in the last quarter. Gtcr LLC acquired a new stake in shares of Arthur J. Gallagher & Co. during the 1st quarter worth approximately $514,112,000. Janus Henderson Group PLC grew its holdings in shares of Arthur J. Gallagher & Co. by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 1,970,990 shares of the financial services provider’s stock worth $426,887,000 after purchasing an additional 101,431 shares in the last quarter. Bank of America Corp DE increased its position in shares of Arthur J. Gallagher & Co. by 23.0% during the first quarter. Bank of America Corp DE now owns 1,854,488 shares of the financial services provider’s stock valued at $401,645,000 after purchasing an additional 346,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Arthur J. Gallagher & Co. by 0.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,453,774 shares of the financial services provider’s stock valued at $333,743,000 after purchasing an additional 3,905 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs. The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.