Arthur J. Gallagher & Co. (NYSE:AJG) Insider Susan E. Pietrucha Sells 13,500 Shares

Arthur J. Gallagher & Co. (NYSE:AJG) insider Susan E. Pietrucha sold 13,500 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $344.13, for a total transaction of $4,645,755.00. Following the completion of the sale, the insider now owns 11,941 shares of the company’s stock, valued at approximately $4,109,256.33. This represents a 53.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Arthur J. Gallagher & Co. Price Performance

Shares of Arthur J. Gallagher & Co. stock opened at $335.21 on Friday. Arthur J. Gallagher & Co. has a twelve month low of $244.60 and a twelve month high of $350.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $331.87 and a two-hundred day simple moving average of $313.25. The stock has a market capitalization of $85.85 billion, a price-to-earnings ratio of 51.41 and a beta of 0.78.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.10. Arthur J. Gallagher & Co. had a net margin of 12.70% and a return on equity of 16.47%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the company earned $3.45 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, June 6th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is 37.63%.

Institutional Trading of Arthur J. Gallagher & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $25,000. HWG Holdings LP bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $25,000. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. in the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 81.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider’s stock valued at $31,000 after buying an additional 49 shares during the period. Finally, AlphaQuest LLC bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Arthur J. Gallagher & Co. from $370.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, April 10th. Jefferies Financial Group cut their price target on shares of Arthur J. Gallagher & Co. from $266.00 to $265.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Barclays increased their price target on shares of Arthur J. Gallagher & Co. from $308.00 to $346.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Truist Financial raised 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 note on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Arthur J. Gallagher & Co. from $307.00 to $315.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has an average rating of “Hold” and an average price target of $318.57.

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