Arthur J. Gallagher & Co. (NYSE:AJG) VP Christopher Mead Sells 3,500 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) VP Christopher Mead sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $257.02, for a total value of $899,570.00. Following the transaction, the vice president owned 22,223 shares in the company, valued at approximately $5,711,755.46. This trade represents a 13.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Arthur J. Gallagher & Co. Stock Up 0.8%

Arthur J. Gallagher & Co. stock opened at $259.45 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $313.55. The firm has a fifty day moving average price of $243.60 and a two-hundred day moving average price of $224.76. The firm has a market cap of $66.50 billion, a price-to-earnings ratio of 43.03, a P/E/G ratio of 1.58 and a beta of 0.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a net margin of 9.96% and a return on equity of 13.28%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the company posted $2.33 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, analysts forecast that Arthur J. Gallagher & Co. will post 13.27 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 46.43%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC grew its position in Arthur J. Gallagher & Co. by 7.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 634 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 46 shares during the last quarter. Allen Capital Group LLC raised its position in Arthur J. Gallagher & Co. by 2.5% in the fourth quarter. Allen Capital Group LLC now owns 1,895 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 47 shares during the last quarter. Manhattan West Asset Management LLC raised its position in Arthur J. Gallagher & Co. by 0.7% in the fourth quarter. Manhattan West Asset Management LLC now owns 6,870 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 49 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in shares of Arthur J. Gallagher & Co. by 6.4% during the fourth quarter. Pure Financial Advisors LLC now owns 809 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 49 shares in the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of Arthur J. Gallagher & Co. by 13.8% during the fourth quarter. REAP Financial Group LLC now owns 430 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AJG shares. Royal Bank Of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods increased their price target on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Piper Sandler raised their price target on Arthur J. Gallagher & Co. from $276.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Citigroup boosted their price objective on Arthur J. Gallagher & Co. from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald increased their target price on Arthur J. Gallagher & Co. from $285.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.28.

Arthur J. Gallagher & Co. Company Profile

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.