Arthur J. Gallagher & Co. (NYSE:AJG) CFO Sells $1,992,760.00 in Stock

Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 75,963 shares in the company, valued at approximately $21,625,146.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Arthur J. Gallagher & Co. Stock Down 2.2 %

AJG stock opened at $276.06 on Monday. The company has a market capitalization of $60.32 billion, a P/E ratio of 55.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.72. Arthur J. Gallagher & Co. has a 12 month low of $218.63 and a 12 month high of $301.04. The firm’s fifty day simple moving average is $285.49 and its 200-day simple moving average is $262.94. 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. (NYSE:AJG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. Arthur J. Gallagher & Co. had a net margin of 10.41% and a return on equity of 19.25%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company earned $1.90 EPS. The business’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Arthur J. Gallagher & Co. will post 10.16 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Gilbert & Cook Inc. increased its holdings in Arthur J. Gallagher & Co. by 5.0% in the 4th quarter. Gilbert & Cook Inc. now owns 5,398 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 259 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arthur J. Gallagher & Co. in the fourth quarter valued at about $264,000. PNC Financial Services Group Inc. increased its stake in shares of Arthur J. Gallagher & Co. by 1.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 57,686 shares of the financial services provider’s stock worth $12,972,000 after purchasing an additional 576 shares in the last quarter. UBS Group AG lifted its stake in Arthur J. Gallagher & Co. by 8.5% in the 4th quarter. UBS Group AG now owns 361,441 shares of the financial services provider’s stock valued at $81,281,000 after buying an additional 28,359 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in Arthur J. Gallagher & Co. in the 4th quarter worth about $632,000. 85.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AJG shares. Keefe, Bruyette & Woods boosted their price objective on shares of Arthur J. Gallagher & Co. from $241.00 to $252.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. 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. 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. Wells Fargo & Company boosted their target price on shares of Arthur J. Gallagher & Co. from $301.00 to $309.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group raised 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 report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.