Arthur J. Gallagher & Co. (NYSE:AJG) Director Sells $104,669.50 in Stock

Arthur J. Gallagher & Co. (NYSE:AJG) Director David S. Johnson sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $322.06, for a total transaction of $104,669.50. Following the sale, the director now directly owns 44,783 shares in the company, valued at approximately $14,422,812.98. This represents a 0.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE AJG opened at $324.79 on Thursday. The company has a market capitalization of $81.13 billion, a PE ratio of 49.81 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. The company’s fifty day moving average price is $292.59 and its 200 day moving average price is $291.12. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $325.10.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its 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, research analysts predict that Arthur J. Gallagher & Co. will post 11.4 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.65 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.80%. Arthur J. Gallagher & Co.’s payout ratio is 36.81%.

Wall Street Analyst Weigh In

AJG has been the topic of a number of research analyst reports. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. 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 research report on Friday, January 31st. BMO Capital Markets increased their price objective on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group downgraded Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price for the company. in a report on Monday, November 25th. Finally, TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $377.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $307.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AJG. Valley National Advisers Inc. purchased a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth $25,000. MRP Capital Investments LLC purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter worth about $28,000. Rakuten Securities Inc. lifted its stake in Arthur J. Gallagher & Co. by 580.0% in the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock worth $28,000 after buying an additional 87 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its stake in Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after buying an additional 49 shares in the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Arthur J. Gallagher & Co. Company Profile

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.