Sherry S. Barrat Sells 2,500 Shares of Arthur J. Gallagher & Co. (NYSE:AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJG) Director Sherry S. Barrat sold 2,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.33, for a total transaction of $760,825.00. Following the transaction, the director now owns 16,533 shares in the company, valued at $5,031,487.89. This represents a 13.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Arthur J. Gallagher & Co. Stock Up 1.1 %

Arthur J. Gallagher & Co. stock opened at $319.76 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $230.08 and a twelve month high of $320.72. The firm has a 50 day moving average price of $291.72 and a 200-day moving average price of $289.70. The company has a market capitalization of $79.88 billion, a P/E ratio of 49.04 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.

Arthur J. Gallagher & Co. (NYSE:AJG) last released its earnings results on Thursday, January 30th. The financial services provider reported $2.13 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Arthur J. Gallagher & Co. will post 11.53 EPS for the current year.

Arthur J. Gallagher & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.65 per share. This is an increase from Arthur J. Gallagher & Co.’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, March 7th. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 36.81%.

Analyst Ratings Changes

Several equities research analysts have recently commented on AJG shares. TD Cowen raised shares of Arthur J. Gallagher & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $377.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their target price on shares of Arthur J. Gallagher & Co. from $344.00 to $341.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Truist Financial boosted their target price on shares of Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on shares of Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a “market perform” rating in a research report on Friday, January 31st. Finally, Barclays upped their price objective on shares of Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. 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 stock. According to data from MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average price target of $307.00.

Institutional Trading of Arthur J. Gallagher & Co.

A number of institutional investors have recently modified their holdings of the business. Catalina Capital Group LLC lifted 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 valued at $959,000 after buying an additional 35 shares in the last quarter. W Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 2.4% during the 3rd quarter. W Advisors LLC now owns 1,514 shares of the financial services provider’s stock valued at $426,000 after buying an additional 36 shares in the last quarter. Greenleaf Trust lifted its stake 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 buying an additional 36 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 0.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 4,583 shares of the financial services provider’s stock valued at $1,289,000 after buying an additional 38 shares in the last quarter. Finally, Covenant Partners LLC lifted its stake in shares of Arthur J. Gallagher & Co. by 0.7% during the 3rd quarter. Covenant Partners LLC now owns 5,326 shares of the financial services provider’s stock valued at $1,499,000 after buying an additional 38 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Arthur J. Gallagher & Co. Company Profile

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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.