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 firm’s stock in a transaction on 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 sale, the chief accounting officer now owns 69,774 shares in the company, valued at approximately $22,536,304.26. This represents a 12.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Arthur J. Gallagher & Co. Price Performance

AJG stock traded up $2.79 during mid-day trading on Wednesday, reaching $324.79. The company’s stock had a trading volume of 1,099,538 shares, compared to its average volume of 1,863,780. The company has a current ratio of 1.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $292.59 and its two-hundred day moving average is $291.12. Arthur J. Gallagher & Co. has a fifty-two week low of $230.08 and a fifty-two week high of $325.10. The stock has a market cap of $81.13 billion, a PE ratio of 49.81 and a beta of 0.77.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Equities research analysts expect that Arthur J. Gallagher & Co. will post 11.4 EPS 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. Stockholders of record on Friday, March 7th will be given a dividend of $0.65 per share. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 7th. This represents a $2.60 annualized dividend and a dividend yield of 0.80%. Arthur J. Gallagher & Co.’s payout ratio is presently 36.81%.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 35 shares during the last quarter. W Advisors LLC lifted its position in Arthur J. Gallagher & Co. by 2.4% in the third quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after buying an additional 36 shares during the last quarter. Greenleaf Trust boosted its stake in Arthur J. Gallagher & Co. by 1.1% during the fourth quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock worth $940,000 after buying an additional 36 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Arthur J. Gallagher & Co. by 3.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 36 shares during the last quarter. Finally, Covenant Partners LLC raised its stake in shares of Arthur J. Gallagher & Co. by 0.7% in the 3rd quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock valued at $1,499,000 after acquiring an additional 38 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AJG. BMO Capital Markets raised their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods increased their price target on 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. Piper Sandler upgraded 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 research report on Wednesday, January 8th. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 target price on the stock. in a research report on Monday, November 25th. Finally, Royal Bank of Canada boosted their price target on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and a consensus price target of $307.00.

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.