Key Points
- Christopher Mead, a VP at Arthur J. Gallagher, sold 4,000 shares on Dec. 23 at an average price of $258.11 for $1,032,440, cutting his ownership by 18.76% to 17,327 shares (≈$4.47M).
- Missed Q3 estimates: the company reported $2.32 EPS vs. $2.51 expected and $3.33B revenue vs. $3.34B, though revenue rose 20.2% year‑over‑year.
- Arthur J. Gallagher pays a $0.65 quarterly dividend (annualized $2.60, ~1.0% yield), has ~85.5% institutional ownership, and a consensus analyst rating of Moderate Buy with an average price target of $302.22.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) VP Christopher Mead sold 4,000 shares of Arthur J. Gallagher & Co. stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $258.11, for a total value of $1,032,440.00. Following the completion of the transaction, the vice president owned 17,327 shares of the company's stock, valued at approximately $4,472,271.97. This trade represents a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Arthur J. Gallagher & Co. Price Performance
AJG stock opened at $262.79 on Tuesday. The business's 50-day moving average is $254.78 and its two-hundred day moving average is $286.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $67.48 billion, a P/E ratio of 39.28 and a beta of 0.69. Arthur J. Gallagher & Co. has a 1 year low of $236.34 and a 1 year high of $351.23.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last released its earnings results on Thursday, October 30th. The financial services provider reported $2.32 earnings per share for the quarter, missing analysts' consensus estimates of $2.51 by ($0.19). The firm had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.34 billion. Arthur J. Gallagher & Co. had a return on equity of 11.98% and a net margin of 13.58%.The firm's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.26 earnings per share. Analysts anticipate that Arthur J. Gallagher & Co. will post 11.54 earnings per share for the current fiscal year.
Arthur J. Gallagher & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 5th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is presently 38.86%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AJG. Weiss Ratings reissued a "hold (c+)" rating on shares of Arthur J. Gallagher & Co. in a report on Monday, December 22nd. Piper Sandler dropped their price objective on Arthur J. Gallagher & Co. from $295.00 to $280.00 and set an "overweight" rating on the stock in a report on Monday, December 15th. Wolfe Research set a $289.00 target price on Arthur J. Gallagher & Co. and gave the stock an "outperform" rating in a research report on Wednesday, December 17th. Morgan Stanley set a $300.00 price target on Arthur J. Gallagher & Co. in a report on Friday, December 19th. Finally, Mizuho began coverage on shares of Arthur J. Gallagher & Co. in a research report on Monday, December 15th. They set a "neutral" rating and a $276.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $302.22.
Get Our Latest Research Report on Arthur J. Gallagher & Co.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Arthur J. Gallagher & Co. by 2.3% during the second quarter. Vanguard Group Inc. now owns 31,096,542 shares of the financial services provider's stock worth $9,954,625,000 after buying an additional 685,278 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Arthur J. Gallagher & Co. by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,338,533 shares of the financial services provider's stock valued at $6,299,674,000 after purchasing an additional 3,330,205 shares during the last quarter. Capital World Investors increased its holdings in shares of Arthur J. Gallagher & Co. by 0.9% in the third quarter. Capital World Investors now owns 11,783,119 shares of the financial services provider's stock valued at $3,649,477,000 after purchasing an additional 101,298 shares during the period. State Street Corp raised its stake in shares of Arthur J. Gallagher & Co. by 1.4% during the third quarter. State Street Corp now owns 10,891,080 shares of the financial services provider's stock worth $3,373,403,000 after purchasing an additional 147,587 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Arthur J. Gallagher & Co. by 0.6% during the third quarter. Capital International Investors now owns 7,194,743 shares of the financial services provider's stock worth $2,228,156,000 after purchasing an additional 45,256 shares during the period. 85.53% of the stock is currently owned by institutional investors and hedge funds.
About Arthur J. Gallagher & Co.
(
Get Free Report)
Arthur J. Gallagher & Co is a global insurance brokerage and risk management firm headquartered in Rolling Meadows, Illinois. Founded in 1927 by Arthur J. Gallagher, the company has grown from a regional broker into an international professional services organization that arranges insurance, provides consulting and designs risk-transfer solutions for commercial, industrial, public sector and individual clients.
The company's core activities include property and casualty insurance brokerage, employee benefits consulting and administration, and a range of risk management services.
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