Arthur J. Gallagher & Co. (NYSE:AJG – Get Rating) had its price objective reduced by Morgan Stanley from $215.00 to $204.00 in a research report sent to investors on Tuesday morning, Stock Target Advisor reports. They currently have an equal weight rating on the financial services provider's stock.

Several other research analysts have also recently weighed in on the stock. UBS Group boosted their price objective on shares of Arthur J. Gallagher & Co. to $197.00 in a report on Friday, November 4th. Jefferies Financial Group boosted their price objective on shares of Arthur J. Gallagher & Co. from $208.00 to $215.00 in a report on Friday, October 7th. Wells Fargo & Company boosted their price objective on shares of Arthur J. Gallagher & Co. from $212.00 to $215.00 and gave the company an overweight rating in a report on Friday, October 28th. Argus initiated coverage on shares of Arthur J. Gallagher & Co. in a report on Friday, August 26th. They set a buy rating and a $215.00 price objective for the company. Finally, Piper Sandler cut shares of Arthur J. Gallagher & Co. from an overweight rating to a neutral rating and set a $195.00 price objective for the company. in a report on Wednesday, September 21st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of Moderate Buy and a consensus target price of $205.36.

Arthur J. Gallagher & Co. Stock Up 1.0 %

Shares of Arthur J. Gallagher & Co. stock opened at $199.29 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $42.02 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. Arthur J. Gallagher & Co. has a 52-week low of $147.32 and a 52-week high of $199.61. The company has a 50-day simple moving average of $181.55 and a two-hundred day simple moving average of $174.10.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.02%. Arthur J. Gallagher & Co.'s dividend payout ratio is 40.16%.

Insider Buying and Selling

In related news, Director William L. Bax sold 350 shares of the company's stock in a transaction on Monday, October 31st. The shares were sold at an average price of $189.30, for a total transaction of $66,255.00. Following the completion of the transaction, the director now owns 45,405 shares in the company, valued at $8,595,166.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Scott R. Hudson sold 12,000 shares of the company's stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $197.95, for a total transaction of $2,375,400.00. Following the sale, the vice president now owns 42,231 shares of the company's stock, valued at $8,359,626.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William L. Bax sold 350 shares of the company's stock in a transaction on Monday, October 31st. The shares were sold at an average price of $189.30, for a total transaction of $66,255.00. Following the sale, the director now directly owns 45,405 shares in the company, valued at approximately $8,595,166.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,350 shares of company stock worth $6,332,355. 1.40% of the stock is owned by insiders.

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

Hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its stake in Arthur J. Gallagher & Co. by 7.4% during the first quarter. Mercer Global Advisors Inc. ADV now owns 13,744 shares of the financial services provider's stock valued at $2,400,000 after purchasing an additional 944 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. in the first quarter valued at $193,000. National Pension Service raised its stake in shares of Arthur J. Gallagher & Co. by 14.4% in the first quarter. National Pension Service now owns 309,351 shares of the financial services provider's stock valued at $54,013,000 after acquiring an additional 39,022 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Arthur J. Gallagher & Co. in the second quarter valued at $173,000. Finally, CX Institutional raised its stake in shares of Arthur J. Gallagher & Co. by 6.3% in the first quarter. CX Institutional now owns 1,372 shares of the financial services provider's stock valued at $240,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 81.22% of the company's stock.

About Arthur J. Gallagher & Co.

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Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

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