Arthur J. Gallagher & Co. (NYSE:AJG) VP Sells $1,032,440.00 in Stock

by · The Markets Daily

Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) VP Christopher Mead sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $258.11, for a total value of $1,032,440.00. Following the completion of the sale, the vice president directly owned 17,327 shares in the company, valued at $4,472,271.97. This represents a 18.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Arthur J. Gallagher & Co. Trading Down 1.0%

Arthur J. Gallagher & Co. stock opened at $259.09 on Thursday. The company has a 50 day moving average price of $253.97 and a 200 day moving average price of $285.84. The firm has a market capitalization of $66.53 billion, a price-to-earnings ratio of 38.73 and a beta of 0.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Arthur J. Gallagher & Co. has a 52 week low of $236.34 and a 52 week high of $351.23.

Arthur J. Gallagher & Co. (NYSE:AJG – Get Free Report) last posted its earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.19). The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 11.98% and a net margin of 13.58%.The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.26 earnings per share. Research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.60 dividend on an annualized basis and a yield of 1.0%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 38.86%.

Institutional Trading of Arthur J. Gallagher & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in AJG. AlphaQuest LLC bought a new position in Arthur J. Gallagher & Co. during the 1st quarter worth $33,000. Axiom Investors LLC DE increased its stake in shares of Arthur J. Gallagher & Co. by 34.9% in the first quarter. Axiom Investors LLC DE now owns 781,227 shares of the financial services provider’s stock valued at $269,711,000 after buying an additional 201,900 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Arthur J. Gallagher & Co. by 669.8% during the first quarter. Canada Pension Plan Investment Board now owns 86,536 shares of the financial services provider’s stock worth $29,876,000 after acquiring an additional 75,295 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Arthur J. Gallagher & Co. by 110.3% in the 1st quarter. Vident Advisory LLC now owns 7,332 shares of the financial services provider’s stock worth $2,531,000 after purchasing an additional 3,845 shares during the period. Finally, Saudi Central Bank acquired a new position in Arthur J. Gallagher & Co. in the first quarter valued at $34,000. 85.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AJG. Wolfe Research set a $289.00 price target on Arthur J. Gallagher & Co. and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Citigroup lowered their target price on shares of Arthur J. Gallagher & Co. from $330.00 to $277.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Piper Sandler cut their target price on shares of Arthur J. Gallagher & Co. from $295.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, December 15th. Barclays lowered shares of Arthur J. Gallagher & Co. from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $328.00 to $250.00 in a report on Thursday, November 20th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $272.00 and set a “market perform” rating on the stock in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and an average target price of $302.22.

Read Our Latest Stock Analysis on AJG

Arthur J. Gallagher & Co. Company Profile

(Get Free Report)

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.

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