Arthur J. Gallagher & Co. (NYSE:AJG) Price Target Lowered to $226.00 at Piper Sandler

Arthur J. Gallagher & Co. (NYSE:AJG) had its price target cut by investment analysts at Piper Sandler from $249.00 to $226.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 4.37% from the company’s current price.

AJG has been the subject of several other research reports. Barclays lowered their target price on shares of Arthur J. Gallagher & Co. from $250.00 to $247.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Wall Street Zen raised shares of Arthur J. Gallagher & Co. from a “sell” rating to a “hold” rating in a research report on Saturday. TD Cowen restated a “buy” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, October 31st. Morgan Stanley set a $300.00 target price on Arthur J. Gallagher & Co. in a report on Friday, December 19th. Finally, Citigroup raised their price target on Arthur J. Gallagher & Co. from $277.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $282.76.

Arthur J. Gallagher & Co. Stock Down 0.8%

Shares of Arthur J. Gallagher & Co. stock opened at $216.54 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $246.39 and a 200 day moving average price of $268.08. Arthur J. Gallagher & Co. has a fifty-two week low of $195.00 and a fifty-two week high of $351.23. The firm has a market cap of $55.67 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.17 and a beta of 0.66.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 29th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.61 billion. Arthur J. Gallagher & Co. had a return on equity of 12.13% and a net margin of 11.84%.The business’s revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. On average, sell-side analysts forecast that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.

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

In related news, CFO Douglas K. Howell sold 5,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $258.05, for a total value of $1,290,250.00. Following the completion of the transaction, the chief financial officer owned 95,777 shares in the company, valued at $24,715,254.85. This represents a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Walter D. Bay sold 15,850 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $255.00, for a total transaction of $4,041,750.00. Following the sale, the general counsel owned 79,549 shares in the company, valued at $20,284,995. This trade represents a 16.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,850 shares of company stock valued at $6,364,440 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AJG. D.A. Davidson & CO. lifted its holdings in shares of Arthur J. Gallagher & Co. by 1.2% in the second quarter. D.A. Davidson & CO. now owns 2,892 shares of the financial services provider’s stock valued at $926,000 after buying an additional 35 shares during the period. Parkside Financial Bank & Trust raised its position in Arthur J. Gallagher & Co. by 6.5% in the second quarter. Parkside Financial Bank & Trust now owns 570 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 35 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Arthur J. Gallagher & Co. by 1.4% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,623 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 35 shares during the last quarter. CX Institutional boosted its position in shares of Arthur J. Gallagher & Co. by 2.1% during the 3rd quarter. CX Institutional now owns 1,782 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 36 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,958 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 38 shares during the last quarter. 85.53% of the stock is owned by institutional investors.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.

The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.