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 Arthur J. Gallagher & Co. stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $287.00, for a total value of $803,600.00. Following the transaction, the vice president now directly owns 14,674 shares of the company’s stock, valued at $4,211,438. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Arthur J. Gallagher & Co. Trading Down 0.2 %

NYSE AJG traded down $0.64 during trading on Wednesday, hitting $284.48. 556,516 shares of the company’s stock traded hands, compared to its average volume of 846,614. The stock has a fifty day moving average of $289.15 and a two-hundred day moving average of $270.23. Arthur J. Gallagher & Co. has a 12-month low of $218.63 and a 12-month high of $301.04. The firm has a market cap of $62.16 billion, a P/E ratio of 57.72, a PEG ratio of 2.53 and a beta of 0.72. 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 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. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Arthur J. Gallagher & Co. had a return on equity of 19.25% and a net margin of 10.41%. Arthur J. Gallagher & Co.’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 EPS. As a group, sell-side analysts expect that Arthur J. Gallagher & Co. will post 10.11 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, December 20th. Investors of record on Friday, December 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. Arthur J. Gallagher & Co.’s payout ratio is 48.58%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AJG. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, September 20th. UBS Group increased their price objective on Arthur J. Gallagher & Co. from $260.00 to $292.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group boosted their target price on Arthur J. Gallagher & Co. from $272.00 to $286.00 in a research report on Friday, July 26th. TD Cowen lifted their price target on Arthur J. Gallagher & Co. from $273.00 to $288.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods upped 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 report on Friday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $287.00.

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

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 180.6% during the first quarter. Janus Henderson Group PLC now owns 1,228,266 shares of the financial services provider’s stock worth $307,076,000 after purchasing an additional 790,467 shares during the period. Capital International Investors lifted its holdings in Arthur J. Gallagher & Co. by 7.0% in the 1st quarter. Capital International Investors now owns 11,050,941 shares of the financial services provider’s stock worth $2,763,177,000 after buying an additional 727,325 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Arthur J. Gallagher & Co. by 219.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,043,769 shares of the financial services provider’s stock valued at $270,660,000 after buying an additional 717,221 shares during the period. Capital World Investors raised its holdings in shares of Arthur J. Gallagher & Co. by 9.0% during the first quarter. Capital World Investors now owns 4,832,060 shares of the financial services provider’s stock valued at $1,208,208,000 after acquiring an additional 398,350 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 29,927.4% in the third quarter. International Assets Investment Management LLC now owns 232,412 shares of the financial services provider’s stock valued at $65,394,000 after acquiring an additional 231,638 shares in the last quarter. Hedge funds and other institutional investors 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.