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

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

Arthur J. Gallagher & Co. Stock Up 1.3 %

Shares of NYSE:AJG opened at $328.68 on Friday. The firm has a fifty day moving average price of $292.94 and a two-hundred day moving average price of $291.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. Arthur J. Gallagher & Co. has a one year low of $230.08 and a one year high of $328.92. The company has a market cap of $82.10 billion, a price-to-earnings ratio of 50.41 and a beta of 0.77.

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, beating 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%. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.4 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The business 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 dividend of $0.65 per share. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.79%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 39.88%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AJG. Barclays upped their target price on shares of 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. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. The Goldman Sachs Group lowered 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, Royal Bank of Canada increased their price objective on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the company an “outperform” rating 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $307.00.

Institutional Trading of Arthur J. Gallagher & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its position 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 purchasing an additional 87 shares during the period. MRP Capital Investments LLC purchased a new position in Arthur J. Gallagher & Co. in the 4th quarter worth $28,000. Rakuten Securities Inc. raised its position 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 worth $29,000 after purchasing an additional 87 shares during the period. Finally, New Age Alpha Advisors LLC raised its position in Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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.