Arthur J. Gallagher & Co. (NYSE:AJG) Director Sells $760,825.00 in Stock

Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the sale, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arthur J. Gallagher & Co. Price Performance

NYSE AJG traded up $3.93 on Wednesday, reaching $316.14. The company had a trading volume of 1,481,097 shares, compared to its average volume of 1,930,408. The stock has a market capitalization of $78.97 billion, a PE ratio of 48.49 and a beta of 0.77. The firm’s 50 day moving average price is $291.70 and its 200 day moving average price is $289.51. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 12 month low of $230.08 and a 12 month high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.53 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.82%. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 36.81%.

Institutional Trading of Arthur J. Gallagher & Co.

A number of institutional investors have recently made changes to their positions in the business. Czech National Bank grew its position in Arthur J. Gallagher & Co. by 7.2% during the 3rd quarter. Czech National Bank now owns 44,633 shares of the financial services provider’s stock worth $12,558,000 after purchasing an additional 2,996 shares during the period. Miracle Mile Advisors LLC grew its stake in Arthur J. Gallagher & Co. by 0.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after acquiring an additional 38 shares during the period. Bath Savings Trust Co lifted its holdings in Arthur J. Gallagher & Co. by 129.6% during the third quarter. Bath Savings Trust Co now owns 12,304 shares of the financial services provider’s stock valued at $3,462,000 after purchasing an additional 6,946 shares in the last quarter. Callan Family Office LLC raised its position in shares of Arthur J. Gallagher & Co. by 3.3% during the 3rd quarter. Callan Family Office LLC now owns 7,514 shares of the financial services provider’s stock worth $2,114,000 after purchasing an additional 243 shares during the last quarter. Finally, Insight Wealth Strategies LLC increased its stake in Arthur J. Gallagher & Co. by 0.6% during the 3rd quarter. Insight Wealth Strategies LLC now owns 9,164 shares of the financial services provider’s stock worth $2,578,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AJG shares. Keefe, Bruyette & Woods lifted their price objective on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays boosted their price objective on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Truist Financial raised their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Piper Sandler raised Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $285.00 to $315.00 in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $307.00.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance 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.