Arthur J. Gallagher & Co. (NYSE:AJG) Receives Maintains Rating from VNET Group

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

AJG has been the subject of several other research reports. Wells Fargo & Company lifted their price objective on Arthur J. Gallagher & Co. from $215.00 to $233.00 and gave the company an overweight rating in a research note on Friday, January 27th. StockNews.com assumed coverage on Arthur J. Gallagher & Co. in a research note on Thursday, May 18th. They issued a hold rating for the company. Truist Financial lifted their price objective on Arthur J. Gallagher & Co. from $220.00 to $230.00 and gave the company a buy rating in a research note on Monday, January 30th. Citigroup boosted their target price on Arthur J. Gallagher & Co. from $228.00 to $232.00 in a research note on Tuesday, April 18th. Finally, Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $225.00 to $230.00 in a research note on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $217.71.

Arthur J. Gallagher & Co. Trading Down 0.2 %

NYSE AJG traded down $0.51 during trading on Tuesday, hitting $203.81. The stock had a trading volume of 632,755 shares, compared to its average volume of 891,059. The firm has a 50 day moving average price of $202.48 and a 200 day moving average price of $195.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $43.67 billion, a PE ratio of 37.85, a PEG ratio of 2.23 and a beta of 0.69. Arthur J. Gallagher & Co. has a twelve month low of $148.24 and a twelve month high of $219.23.

Arthur J. Gallagher & Co. Dividend Announcement

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

Insider Activity

In other news, Director David S. Johnson sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $189.62, for a total value of $189,620.00. Following the sale, the director now directly owns 46,508 shares in the company, valued at $8,818,846.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Arthur J. Gallagher & Co. news, CFO Douglas K. Howell sold 2,850 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $180.98, for a total transaction of $515,793.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $16,417,600.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David S. Johnson sold 1,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $189.62, for a total value of $189,620.00. Following the completion of the sale, the director now owns 46,508 shares of the company’s stock, valued at approximately $8,818,846.96. The disclosure for this sale can be found here. Insiders have sold 125,354 shares of company stock worth $25,882,434 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

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

A number of large investors have recently modified their holdings of the stock. McElhenny Sheffield Capital Management LLC bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter valued at $27,000. WealthPlan Investment Management LLC bought a new stake in Arthur J. Gallagher & Co. during the 1st quarter valued at $28,000. ZRC Wealth Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $29,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter valued at $29,000. Finally, Affiance Financial LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $32,000. Institutional investors and hedge funds 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.