Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) VP Scott Hudson sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $264.13, for a total transaction of $3,169,560.00. Following the transaction, the vice president directly owned 90,262 shares in the company, valued at $23,840,902.06. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Arthur J. Gallagher & Co. Price Performance
Shares of AJG opened at $262.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 1.05. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $313.55. The firm has a 50-day simple moving average of $254.17 and a 200-day simple moving average of $227.66. The company has a market capitalization of $67.21 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 1.62 and a beta of 0.50.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.81 by $0.03. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business earned $2.33 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. On average, equities research analysts anticipate that Arthur J. Gallagher & Co. will post 13.28 earnings per share for the current year.
Arthur J. Gallagher & Co. Announces Dividend
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Arthur J. Gallagher & Co. from $291.00 to $299.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Wells Fargo & Company dropped their target price on Arthur J. Gallagher & Co. from $299.00 to $296.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Argus raised their price target on Arthur J. Gallagher & Co. from $267.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods lifted their price target on Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Mizuho upped their price objective on Arthur J. Gallagher & Co. from $287.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $290.28.
Get Our Latest Report on Arthur J. Gallagher & Co.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter worth approximately $26,000. Axiom Investment Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at approximately $29,000. MV Capital Management Inc. acquired a new position in Arthur J. Gallagher & Co. during the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. boosted its position in Arthur J. Gallagher & Co. by 650.0% during the second quarter. Rakuten Securities Inc. now owns 105 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.
Arthur J. Gallagher & Co. Company Profile
Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.
The company’s core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.
Featured Articles
- Five stocks we like better than Arthur J. Gallagher & Co.
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
