Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) VP Christopher Mead sold 7,590 shares of the firm's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $279.72, for a total value of $2,123,074.80. Following the completion of the transaction, the vice president directly owned 22,287 shares of the company's stock, valued at approximately $6,234,119.64. This trade represents a 25.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Arthur J. Gallagher & Co. Stock Up 5.6%
AJG opened at $288.75 on Thursday. Arthur J. Gallagher & Co. has a fifty-two week low of $190.75 and a fifty-two week high of $289.93. 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 firm's fifty day moving average price is $249.16 and its two-hundred day moving average price is $232.91. The company has a market capitalization of $74.01 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.56 and a beta of 0.47.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.01. Arthur J. Gallagher & Co. had a net margin of 10.39% and a return on equity of 13.90%. 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 previous year, the firm posted $2.32 EPS. The business's revenue for the quarter was up 19.6% on a year-over-year basis. On average, analysts anticipate that Arthur J. Gallagher & Co. will post 13.16 EPS for the current year.
Arthur J. Gallagher & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, December 7th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, December 7th. Arthur J. Gallagher & Co.'s payout ratio is 42.81%.
Trending Headlines about Arthur J. Gallagher & Co.
Here are the key news stories impacting Arthur J. Gallagher & Co. this week:
- Positive Sentiment: Jefferies raised its price target to $319 from $295 and maintained a Buy rating, citing potential upside. Wells Fargo also issued a Buy rating. Wells Fargo rating
- Neutral Sentiment: Gallagher named Tom Doyle CEO of its Benefits & HR Consulting division as part of a leadership transition. The change may support continuity, though no financial impact was specified. Leadership transition announcement
- Negative Sentiment: BMO Capital Markets cut AJG to Market Perform from Outperform, with a $295 target, saying it was “taking profits.” Citigroup also downgraded the stock to Neutral, saying the risk-reward balance had shifted. BMO downgrade Citigroup downgrade
- Negative Sentiment: CFO Douglas Howell sold 30,996 shares and VP Christopher Mead sold 7,590 shares. Both sales reduced their respective holdings by about 25%; insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. CFO sale filing VP sale filing
Wall Street Analysts Forecast Growth
AJG has been the subject of a number of analyst reports. Mizuho raised their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $302.00 and gave the stock an "outperform" rating in a research note on Friday, October 30th. Wells Fargo & Company increased their target price on Arthur J. Gallagher & Co. from $284.00 to $312.00 and gave the stock an "overweight" rating in a report on Monday. Royal Bank Of Canada raised their target price on Arthur J. Gallagher & Co. from $290.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, October 30th. Jefferies Financial Group raised their target price on Arthur J. Gallagher & Co. from $295.00 to $319.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on Arthur J. Gallagher & Co. from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.05.
Check Out Our Latest Report on Arthur J. Gallagher & Co.
Institutional Trading of Arthur J. Gallagher & Co.
Several large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Arthur J. Gallagher & Co. by 208.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,022 shares of the financial services provider's stock worth $2,058,000 after acquiring an additional 6,095 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Arthur J. Gallagher & Co. during the 2nd quarter valued at $3,587,000. Sequoia Financial Advisors LLC increased its holdings in Arthur J. Gallagher & Co. by 7.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 149,799 shares of the financial services provider's stock valued at $34,389,000 after purchasing an additional 9,966 shares in the last quarter. Gtcr LLC bought a new position in Arthur J. Gallagher & Co. in the 1st quarter valued at $514,112,000. Finally, Nissay Asset Management Corp Japan boosted its stake in Arthur J. Gallagher & Co. by 13.0% in the second quarter. Nissay Asset Management Corp Japan now owns 193,547 shares of the financial services provider's stock worth $44,433,000 after purchasing an additional 22,227 shares in the last quarter. 85.53% of the stock is owned by institutional investors.
Arthur J. Gallagher & Co. Company Profile
(
Get Free Report)
Arthur J. Gallagher & Co is a global insurance brokerage, risk management and consulting company. The firm helps businesses, public entities and individuals identify, manage and transfer risk through insurance and related services.
Its operations include retail insurance brokerage, employee benefits consulting, wholesale brokerage, reinsurance brokerage, claims administration and risk management consulting. Gallagher places commercial and personal insurance coverage and provides services related to property and casualty risks, health care, benefits, and other specialized insurance needs.
Founded in 1927 by Arthur J.
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