Insider Selling: Arthur J. Gallagher & Co. (NYSE:AJG) Director Sells $760,825.00 in Stock

Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat sold 2,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.33, for a total value of $760,825.00. Following the sale, the director now owns 16,533 shares of the company’s stock, valued at $5,031,487.89. This represents a 13.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Arthur J. Gallagher & Co. Stock Up 0.8 %

NYSE AJG opened at $322.42 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. Arthur J. Gallagher & Co. has a 52 week low of $230.08 and a 52 week high of $323.55. The firm has a market capitalization of $80.54 billion, a price-to-earnings ratio of 49.45 and a beta of 0.77. The company has a fifty day moving average of $291.82 and a two-hundred day moving average of $289.91.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued 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 net margin of 12.70% and a return on equity of 16.47%. On average, analysts predict that Arthur J. Gallagher & Co. will post 11.53 earnings per share for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.65 per share. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 36.81%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the company a “market perform” rating in a report on Friday, January 31st. Barclays increased their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Piper Sandler upgraded Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $285.00 to $315.00 in a research report on Wednesday, January 8th. Finally, Truist Financial raised their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $307.00.

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

Several hedge funds have recently bought and sold shares of AJG. Valley National Advisers Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. lifted its holdings in Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after buying an additional 87 shares in the last quarter. Rakuten Securities Inc. boosted 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 valued at $29,000 after buying an additional 87 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Arthur J. Gallagher & Co. during the fourth quarter worth approximately $35,000. Finally, Financial Life Planners bought a new stake in shares of Arthur J. Gallagher & Co. during the fourth quarter valued at approximately $36,000. Institutional investors own 85.53% of the company’s stock.

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.