Arthur J. Gallagher & Co. (NYSE:AJG) Insider Susan Pietrucha Sells 15,020 Shares of Company Stock

Arthur J. Gallagher & Co. (NYSE:AJG) insider Susan Pietrucha sold 15,020 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $282.30, for a total value of $4,240,146.00. Following the transaction, the insider owned 16,791 shares in the company, valued at $4,740,099.30. The trade was a 47.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Arthur J. Gallagher & Co. Stock Up 0.8%

AJG opened at $282.86 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $250.71 and a 200-day simple moving average of $233.51. The stock has a market capitalization of $72.53 billion, a P/E ratio of 43.25, a P/E/G ratio of 1.61 and a beta of 0.47. Arthur J. Gallagher & Co. has a 12 month low of $190.75 and a 12 month high of $294.53.

Arthur J. Gallagher & Co. (NYSE:AJG) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.01. Arthur J. Gallagher & Co. had a return on equity of 13.90% and a net margin of 10.39%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the company posted $2.32 earnings per share. Arthur J. Gallagher & Co.’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Arthur J. Gallagher & Co. will post 13.13 earnings per share for the current fiscal year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, December 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, December 7th. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 42.81%.

Institutional Trading of Arthur J. Gallagher & Co.

Several large investors have recently modified their holdings of AJG. Private Advisor Group LLC raised its position in shares of Arthur J. Gallagher & Co. by 1,401.5% during the 3rd quarter. Private Advisor Group LLC now owns 45,707 shares of the financial services provider’s stock worth $10,426,000 after purchasing an additional 42,663 shares during the last quarter. Ieq Capital LLC grew its holdings in Arthur J. Gallagher & Co. by 5.3% during the 3rd quarter. Ieq Capital LLC now owns 21,614 shares of the financial services provider’s stock valued at $4,930,000 after buying an additional 1,087 shares during the last quarter. Independent Advisor Alliance grew its holdings in Arthur J. Gallagher & Co. by 275.7% during the 3rd quarter. Independent Advisor Alliance now owns 14,435 shares of the financial services provider’s stock valued at $3,293,000 after buying an additional 10,593 shares during the last quarter. OneAscent Financial Services LLC increased its position in Arthur J. Gallagher & Co. by 27.7% during the third quarter. OneAscent Financial Services LLC now owns 1,901 shares of the financial services provider’s stock worth $434,000 after buying an additional 412 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Arthur J. Gallagher & Co. by 187.5% during the third quarter. Meeder Asset Management Inc. now owns 161 shares of the financial services provider’s stock worth $39,000 after buying an additional 105 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho boosted their price objective on shares of Arthur J. Gallagher & Co. from $271.00 to $302.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Oppenheimer started coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 7th. They set a “market perform” rating on the stock. Weiss Ratings raised shares of Arthur J. Gallagher & Co. from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating on shares of Arthur J. Gallagher & Co. in a research report on Thursday, September 24th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Arthur J. Gallagher & Co. in a research report on Friday, October 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $292.05.

Arthur J. Gallagher & Co. Company Profile

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm. It helps businesses and other organizations assess and manage risk, arrange insurance coverage, and address employee benefits needs. The company’s services include insurance brokerage, risk management consulting, employee benefits consulting, and claims and settlement services through its Gallagher Bassett business. It serves clients in the United States and internationally, including through a network of correspondent brokers.