Richard C. Cary Sells 10,000 Shares of Arthur J. Gallagher & Co. (NYSE:AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) CAO Richard C. Cary sold 10,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $322.99, for a total transaction of $3,229,900.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,774 shares in the company, valued at $22,536,304.26. The trade was a 12.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Arthur J. Gallagher & Co. Stock Up 1.3 %

Shares of NYSE:AJG opened at $328.68 on Friday. The company has a fifty day moving average of $292.94 and a 200-day moving average of $291.35. The company has a market capitalization of $82.10 billion, a PE ratio of 50.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $328.92.

Arthur J. Gallagher & Co. (NYSE:AJGGet Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities analysts predict that Arthur J. Gallagher & Co. will post 11.4 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.65 dividend. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. Arthur J. Gallagher & Co.’s payout ratio is currently 39.88%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial lifted their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut shares of Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a report on Monday, November 25th. Finally, Wells Fargo & Company lowered their price objective on Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $307.00.

Get Our Latest Stock Report on AJG

Institutional Trading of Arthur J. Gallagher & Co.

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 29,672,134 shares of the financial services provider’s stock worth $8,422,435,000 after purchasing an additional 3,851,661 shares during the last quarter. FMR LLC boosted its position in Arthur J. Gallagher & Co. by 4.9% during the third quarter. FMR LLC now owns 12,305,478 shares of the financial services provider’s stock valued at $3,462,392,000 after acquiring an additional 580,134 shares during the last quarter. State Street Corp boosted its position in Arthur J. Gallagher & Co. by 0.5% during the third quarter. State Street Corp now owns 8,932,007 shares of the financial services provider’s stock valued at $2,513,199,000 after acquiring an additional 47,656 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Arthur J. Gallagher & Co. by 14.3% during the 4th quarter. Geode Capital Management LLC now owns 6,277,993 shares of the financial services provider’s stock worth $1,779,248,000 after purchasing an additional 787,265 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Arthur J. Gallagher & Co. during the 4th quarter worth about $1,421,591,000. Institutional investors own 85.53% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

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