Arthur J. Gallagher & Co. (NYSE:AJG) President Sells $2,103,020.00 in Stock

Arthur J. Gallagher & Co. (NYSE:AJG) President Michael Robert Pesch sold 7,100 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $296.20, for a total transaction of $2,103,020.00. Following the sale, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arthur J. Gallagher & Co. Stock Up 0.3 %

AJG traded up $0.79 during trading on Friday, reaching $297.39. The company had a trading volume of 395,128 shares, compared to its average volume of 819,536. The company has a market cap of $65.16 billion, a P/E ratio of 60.05, a PEG 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 $300.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 1.04. The business’s fifty day moving average price is $282.68 and its 200 day moving average price is $260.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $2.26 earnings per share 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 firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business earned $1.90 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 10.16 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, September 6th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Analyst Upgrades and Downgrades

AJG has been the topic of several research reports. Barclays began coverage on Arthur J. Gallagher & Co. in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $300.00 price target on the stock. Jefferies Financial Group upped their target price on shares of Arthur J. Gallagher & Co. from $264.00 to $267.00 in a research report on Friday, July 26th. Piper Sandler lifted their price target on shares of Arthur J. Gallagher & Co. from $252.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. UBS Group increased their price objective 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. Finally, BMO Capital Markets lifted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $295.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of “Hold” and an average target price of $276.82.

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

A number of large investors have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Arthur J. Gallagher & Co. in the second quarter worth $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in Arthur J. Gallagher & Co. in the 2nd quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in Arthur J. Gallagher & Co. during the 4th quarter worth about $27,000. Creekmur Asset Management LLC acquired a new position in shares of Arthur J. Gallagher & Co. during the 1st quarter worth about $27,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 89.7% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 110 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

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.