Arthur J. Gallagher & Co. (NYSE:AJG) VP Scott R. Hudson Sells 7,510 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) VP Scott R. Hudson sold 7,510 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $333.59, for a total transaction of $2,505,260.90. Following the completion of the sale, the vice president now directly owns 90,020 shares of the company’s stock, valued at $30,029,771.80. The trade was a 7.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Arthur J. Gallagher & Co. Stock Down 0.7 %

Arthur J. Gallagher & Co. stock opened at $332.02 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $345.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $84.57 billion, a PE ratio of 50.92 and a beta of 0.75. The firm’s 50 day moving average price is $316.96 and its two-hundred day moving average price is $299.46.

Arthur J. Gallagher & Co. (NYSE:AJG) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. On average, research analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.65 dividend. This is a positive change from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is presently 39.88%.

Analyst Ratings Changes

AJG has been the subject of a number of research reports. Piper Sandler upgraded shares of Arthur J. Gallagher & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $285.00 to $315.00 in a report on Wednesday, January 8th. Royal Bank of Canada boosted their target price on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Truist Financial increased their price target on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, January 31st. The Goldman Sachs Group cut Arthur J. Gallagher & Co. from a “buy” rating to a “neutral” rating and set a $313.00 price target on the stock. in a research note on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $308.00 to $314.00 and gave the stock a “market perform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $310.43.

Institutional Investors Weigh In On Arthur J. Gallagher & Co.

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

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.