Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat Sells 2,500 Shares of Stock

Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat sold 2,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the completion of the transaction, the director now directly owns 16,533 shares of the company’s stock, valued at approximately $5,031,487.89. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Arthur J. Gallagher & Co. Stock Up 1.3 %

NYSE:AJG opened at $316.14 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. The firm has a market cap of $78.97 billion, a PE ratio of 48.49 and a beta of 0.77. The company has a 50-day moving average of $291.70 and a 200 day moving average of $289.51. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $2.13 earnings per share (EPS) 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%. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 11.53 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company 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 represents a $2.60 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.’s payout ratio is presently 39.88%.

Analyst Ratings Changes

AJG has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price objective 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. The Goldman Sachs Group cut 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. Bank of America increased their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Piper Sandler upgraded 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 research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $307.00.

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

Institutional investors have recently bought and sold shares of the company. Czech National Bank boosted its position in shares of Arthur J. Gallagher & Co. by 7.2% in the 3rd quarter. Czech National Bank now owns 44,633 shares of the financial services provider’s stock worth $12,558,000 after purchasing an additional 2,996 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.8% in the third quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock worth $1,289,000 after acquiring an additional 38 shares in the last quarter. Bath Savings Trust Co increased its holdings in shares of Arthur J. Gallagher & Co. by 129.6% during the third quarter. Bath Savings Trust Co now owns 12,304 shares of the financial services provider’s stock valued at $3,462,000 after acquiring an additional 6,946 shares in the last quarter. Callan Family Office LLC raised its position in shares of Arthur J. Gallagher & Co. by 3.3% in the 3rd quarter. Callan Family Office LLC now owns 7,514 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 243 shares during the last quarter. Finally, Insight Wealth Strategies LLC grew its position in Arthur J. Gallagher & Co. by 0.6% during the 3rd quarter. Insight Wealth Strategies LLC now owns 9,164 shares of the financial services provider’s stock worth $2,578,000 after purchasing an additional 53 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

About Arthur J. Gallagher & Co.

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.