Insider Selling: Arthur J. Gallagher & Co. (NYSE:AJG) VP Sells 7,510 Shares of Stock

Arthur J. Gallagher & Co. (NYSE:AJG) VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $333.59, for a total value of $2,505,260.90. Following the completion of the sale, the vice president now owns 90,020 shares in the company, valued at $30,029,771.80. This represents a 7.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arthur J. Gallagher & Co. Trading Down 0.7 %

Shares of AJG opened at $332.02 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. Arthur J. Gallagher & Co. has a 52-week low of $230.08 and a 52-week high of $345.43. The firm has a market cap of $84.57 billion, a price-to-earnings ratio of 50.92 and a beta of 0.75. The business’s fifty day moving average is $316.96 and its 200-day moving average is $299.50.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. Equities analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 EPS for the current fiscal year.

Arthur J. Gallagher & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 39.88%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target for the company. in a report on Monday, November 25th. Truist Financial upped their price target on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $377.00 in a research note on Friday, January 10th. Finally, Royal Bank of Canada raised their target price on shares of Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and a consensus price target of $310.43.

Institutional Trading of Arthur J. Gallagher & Co.

Hedge funds have recently made changes to their positions in the company. Allred Capital Management LLC boosted its position in Arthur J. Gallagher & Co. by 1.0% during the 4th quarter. Allred Capital Management LLC now owns 3,380 shares of the financial services provider’s stock worth $960,000 after buying an additional 34 shares during the period. Catalina Capital Group LLC increased its holdings in Arthur J. Gallagher & Co. by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 35 shares during the period. Greenleaf Trust raised its position in Arthur J. Gallagher & Co. by 1.1% during the 4th quarter. Greenleaf Trust now owns 3,310 shares of the financial services provider’s stock worth $940,000 after purchasing an additional 36 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in Arthur J. Gallagher & Co. by 3.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,173 shares of the financial services provider’s stock worth $333,000 after buying an additional 36 shares during the period. Finally, Brendel Financial Advisors LLC grew its position in shares of Arthur J. Gallagher & Co. by 0.5% in the 4th quarter. Brendel Financial Advisors LLC now owns 7,237 shares of the financial services provider’s stock valued at $2,054,000 after buying an additional 38 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.