Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell Sells 16,000 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) CFO Douglas K. Howell sold 16,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $248.41, for a total transaction of $3,974,560.00. Following the completion of the transaction, the chief financial officer now owns 80,952 shares in the company, valued at $20,109,286.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arthur J. Gallagher & Co. Price Performance

Shares of NYSE:AJG opened at $255.52 on Friday. The stock’s 50 day moving average price is $244.34 and its 200 day moving average price is $240.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $55.83 billion, a price-to-earnings ratio of 51.72, a PEG ratio of 2.33 and a beta of 0.69. Arthur J. Gallagher & Co. has a 12 month low of $198.52 and a 12 month high of $256.28.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.08. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.18 billion. Arthur J. Gallagher & Co. had a return on equity of 18.94% and a net margin of 10.27%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.03 earnings per share. Equities research analysts anticipate that Arthur J. Gallagher & Co. will post 10.08 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.94%. Arthur J. Gallagher & Co.’s payout ratio is currently 48.58%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AJG shares. Royal Bank of Canada lifted their target price on Arthur J. Gallagher & Co. from $270.00 to $282.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Truist Financial restated a “hold” rating and set a $255.00 price objective (down from $280.00) on shares of Arthur J. Gallagher & Co. in a research note on Wednesday, April 10th. Argus raised their target price on Arthur J. Gallagher & Co. from $264.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen increased their price objective on shares of Arthur J. Gallagher & Co. from $249.00 to $273.00 and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Finally, Piper Sandler reduced their target price on shares of Arthur J. Gallagher & Co. from $253.00 to $252.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus price target of $255.77.

Institutional Trading of Arthur J. Gallagher & Co.

Large investors have recently added to or reduced their stakes in the business. Greenleaf Trust lifted its position in shares of Arthur J. Gallagher & Co. by 1.4% during the 3rd quarter. Greenleaf Trust now owns 2,967 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 42 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Arthur J. Gallagher & Co. by 14.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 343 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 43 shares during the period. Forte Capital LLC ADV increased its stake in Arthur J. Gallagher & Co. by 1.9% in the 4th quarter. Forte Capital LLC ADV now owns 2,395 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 44 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Arthur J. Gallagher & Co. by 4.7% during the first quarter. J.W. Cole Advisors Inc. now owns 983 shares of the financial services provider’s stock valued at $246,000 after buying an additional 44 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its holdings in shares of Arthur J. Gallagher & Co. by 3.9% in the third quarter. HBK Sorce Advisory LLC now owns 1,230 shares of the financial services provider’s stock worth $280,000 after buying an additional 46 shares during the period. 85.53% of the stock is currently owned by institutional investors.

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.