Arthur J. Gallagher & Co. (NYSE:AJG) VP Christopher E. Mead Sells 2,800 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) VP Christopher E. Mead sold 2,800 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $287.00, for a total value of $803,600.00. Following the completion of the sale, the vice president now owns 14,674 shares of the company’s stock, valued at $4,211,438. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Arthur J. Gallagher & Co. Trading Down 0.2 %

NYSE AJG opened at $284.48 on Thursday. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The company has a fifty day simple moving average of $289.05 and a two-hundred day simple moving average of $270.33. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock has a market cap of $62.16 billion, a P/E ratio of 57.59, a P/E/G ratio of 2.53 and a beta of 0.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $2.26 earnings per share for the quarter, meeting the consensus estimate of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the business earned $2.00 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts forecast that Arthur J. Gallagher & Co. will post 10.11 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, December 6th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Institutional Trading of Arthur J. Gallagher & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Arthur J. Gallagher & Co. by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 519,334 shares of the financial services provider’s stock valued at $129,854,000 after buying an additional 5,553 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Arthur J. Gallagher & Co. by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 45,397 shares of the financial services provider’s stock valued at $11,350,000 after acquiring an additional 210 shares during the period. Norden Group LLC purchased a new stake in Arthur J. Gallagher & Co. in the 1st quarter worth approximately $3,841,000. First Trust Direct Indexing L.P. grew its stake in shares of Arthur J. Gallagher & Co. by 12.8% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,849 shares of the financial services provider’s stock worth $1,212,000 after purchasing an additional 550 shares during the period. Finally, New Century Financial Group LLC increased its holdings in shares of Arthur J. Gallagher & Co. by 40.3% during the 1st quarter. New Century Financial Group LLC now owns 1,685 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 484 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AJG shares. Bank Of America (Bofa) upped their price objective on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Wells Fargo & Company lifted their price objective on shares of Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Bank of America increased their target price on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. BMO Capital Markets boosted their price target on Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Truist Financial raised their price objective on Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.00.

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.