Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) insider Susan Pietrucha sold 15,020 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $282.30, for a total transaction of $4,240,146.00. Following the sale, the insider directly owned 16,791 shares in the company, valued at approximately $4,740,099.30. This represents a 47.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Arthur J. Gallagher & Co. Price Performance
AJG traded up $2.26 during midday trading on Tuesday, hitting $282.86. The company had a trading volume of 1,420,949 shares, compared to its average volume of 1,893,737. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $72.50 billion, a PE ratio of 43.25, a P/E/G ratio of 1.66 and a beta of 0.47. Arthur J. Gallagher & Co. has a twelve month low of $190.75 and a twelve month high of $294.53. The firm’s 50-day simple moving average is $250.30 and its 200-day simple moving average is $233.34.
Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last announced its earnings results on Thursday, October 29th. The financial services provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.01. Arthur J. Gallagher & Co. had a net margin of 10.39% and a return on equity of 13.90%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm posted $2.32 earnings per share. The company’s revenue was up 19.6% on a year-over-year basis. Equities research analysts predict that Arthur J. Gallagher & Co. will post 13.13 EPS for the current fiscal year.
Arthur J. Gallagher & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, December 7th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 42.81%.
Institutional Trading of Arthur J. Gallagher & Co.
Institutional investors and hedge funds have recently made changes to their positions in the business. OneAscent Financial Services LLC boosted its position in shares of Arthur J. Gallagher & Co. by 27.7% in the 3rd quarter. OneAscent Financial Services LLC now owns 1,901 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 412 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Arthur J. Gallagher & Co. by 187.5% during the third quarter. Meeder Asset Management Inc. now owns 161 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 105 shares during the period. Composition Wealth LLC bought a new stake in Arthur J. Gallagher & Co. in the third quarter valued at about $5,898,000. Voya Investment Management LLC increased its holdings in Arthur J. Gallagher & Co. by 249.8% in the third quarter. Voya Investment Management LLC now owns 547,192 shares of the financial services provider’s stock valued at $124,820,000 after purchasing an additional 390,753 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in Arthur J. Gallagher & Co. by 84.0% in the third quarter. South Dakota Investment Council now owns 8,162 shares of the financial services provider’s stock valued at $1,862,000 after purchasing an additional 3,725 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on AJG. Jefferies Financial Group upped their price objective on Arthur J. Gallagher & Co. from $295.00 to $319.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research note on Friday, October 30th. Weiss Ratings raised Arthur J. Gallagher & Co. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Piper Sandler restated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, September 24th. Finally, Royal Bank Of Canada upped their price target on Arthur J. Gallagher & Co. from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.05.
Read Our Latest Stock Report on Arthur J. Gallagher & Co.
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs. The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.
Featured Articles
- Five stocks we like better than Arthur J. Gallagher & Co.
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
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.
