Arthur J. Gallagher & Co. (NYSE:AJG) CAO Sells 1,000 Shares of Stock

Arthur J. Gallagher & Co. (NYSE:AJG) CAO Richard Cary sold 1,000 shares of Arthur J. Gallagher & Co. stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $252.86, for a total transaction of $252,860.00. Following the transaction, the chief accounting officer directly owned 46,819 shares in the company, valued at approximately $11,838,652.34. This represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Arthur J. Gallagher & Co. Stock Performance

Shares of AJG stock traded down $2.14 during trading on Thursday, hitting $241.64. The company’s stock had a trading volume of 936,016 shares, compared to its average volume of 1,933,176. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The company has a market cap of $61.93 billion, a PE ratio of 40.07, a P/E/G ratio of 1.50 and a beta of 0.50. The business has a fifty day moving average of $254.69 and a 200-day moving average of $229.56. Arthur J. Gallagher & Co. has a 52 week low of $190.75 and a 52 week high of $313.55.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. Arthur J. Gallagher & Co. had a return on equity of 13.28% and a net margin of 9.96%.Arthur J. Gallagher & Co.’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company posted $2.33 earnings per share. As a group, research analysts anticipate that Arthur J. Gallagher & Co. will post 13.28 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Arthur J. Gallagher & Co.’s payout ratio is 46.43%.

Analyst Ratings Changes

A number of research firms recently issued reports on AJG. Wolfe Research downgraded shares of Arthur J. Gallagher & Co. from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Royal Bank Of Canada boosted their target price on shares of Arthur J. Gallagher & Co. from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods increased their target price on shares of Arthur J. Gallagher & Co. from $261.00 to $271.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Morgan Stanley raised their price target on shares of Arthur J. Gallagher & Co. from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded Arthur J. Gallagher & Co. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $289.83.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Axiom Investment Management LLC purchased a new position in shares of Arthur J. Gallagher & Co. in the first quarter worth about $28,000. MV Capital Management Inc. purchased a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $34,000. Cassaday & Co Wealth Management LLC bought a new position in Arthur J. Gallagher & Co. in the 1st quarter worth approximately $29,000. Compass Financial Management LLC purchased a new position in Arthur J. Gallagher & Co. in the 2nd quarter valued at approximately $45,000. Finally, Avalon Trust Co bought a new stake in Arthur J. Gallagher & Co. during the 1st quarter valued at $40,000. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The company helps businesses, institutions and individuals identify, manage and transfer risk through insurance and related services.

Its operations include retail insurance brokerage, employee benefits consulting, risk management, claims administration, actuarial services, captive insurance and wholesale brokerage. Gallagher arranges commercial property and casualty coverage, personal insurance, specialty insurance and employee benefit programs, while also providing services designed to help clients manage workplace, liability and other operational risks.

Founded in 1927 by Arthur J.