Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell Sells 7,000 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 7,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $284.68, for a total transaction of $1,992,760.00. Following the completion of the sale, the chief financial officer now owns 75,963 shares of the company’s stock, valued at $21,625,146.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Arthur J. Gallagher & Co. Trading Down 2.2 %

Shares of Arthur J. Gallagher & Co. stock traded down $6.14 during trading on Friday, hitting $276.06. The company’s stock had a trading volume of 2,467,267 shares, compared to its average volume of 828,870. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. Arthur J. Gallagher & Co. has a 52 week low of $218.63 and a 52 week high of $301.04. The stock has a market cap of $60.32 billion, a price-to-earnings ratio of 56.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. The stock has a 50-day moving average price of $285.38 and a two-hundred day moving average price of $262.49.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.02. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. Arthur J. Gallagher & Co.’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a yield of 0.87%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 48.58%.

Hedge Funds Weigh In On Arthur J. Gallagher & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG boosted its position in shares of Arthur J. Gallagher & Co. by 8.5% during the 4th quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock worth $81,281,000 after purchasing an additional 28,359 shares in the last quarter. Norden Group LLC bought a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth about $3,841,000. Brookstone Capital Management boosted its position in shares of Arthur J. Gallagher & Co. by 70.4% during the 1st quarter. Brookstone Capital Management now owns 12,851 shares of the financial services provider’s stock worth $3,213,000 after purchasing an additional 5,308 shares in the last quarter. Sei Investments Co. boosted its position in shares of Arthur J. Gallagher & Co. by 11.7% during the 1st quarter. Sei Investments Co. now owns 194,568 shares of the financial services provider’s stock worth $48,649,000 after purchasing an additional 20,302 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Arthur J. Gallagher & Co. in the 4th quarter worth about $979,000. Institutional investors own 85.53% of the company’s stock.

Analysts Set New Price Targets

AJG has been the subject of a number of analyst reports. Piper Sandler lifted their price target on shares of Arthur J. Gallagher & Co. from $254.00 to $293.00 and gave the company a “neutral” rating in a research report on Friday. TD Cowen lifted their price target on shares of Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group lifted their price target on shares of Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. UBS Group lifted their price target on shares of Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Barclays began coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $300.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $282.93.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.