Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) Director David S. Johnson sold 325 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $322.06, for a total value of $104,669.50. Following the completion of the transaction, the director now owns 44,783 shares of the company's stock, valued at $14,422,812.98. The trade was a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Arthur J. Gallagher & Co. Stock Down 2.1 %
AJG traded down $6.97 on Friday, reaching $321.59. The company's stock had a trading volume of 2,079,535 shares, compared to its average volume of 1,682,793. The stock has a market cap of $80.33 billion, a price-to-earnings ratio of 49.32 and a beta of 0.77. Arthur J. Gallagher & Co. has a 1 year low of $230.08 and a 1 year high of $329.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.06. The business's 50 day moving average is $293.94 and its 200 day moving average is $291.95.
Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.10. Arthur J. Gallagher & Co. had a return on equity of 16.47% and a net margin of 12.70%. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 11.4 EPS for the current fiscal year.
Arthur J. Gallagher & Co. Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.60 dividend on an annualized basis and a yield of 0.81%. This is an increase from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. Arthur J. Gallagher & Co.'s dividend payout ratio is currently 36.81%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of AJG. Valley National Advisers Inc. bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. lifted its holdings in Arthur J. Gallagher & Co. by 543.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider's stock worth $28,000 after buying an additional 87 shares during the last quarter. MRP Capital Investments LLC bought a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. lifted its holdings in Arthur J. Gallagher & Co. by 580.0% during the 3rd quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider's stock worth $29,000 after buying an additional 87 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its holdings in Arthur J. Gallagher & Co. by 81.7% during the 4th quarter. New Age Alpha Advisors LLC now owns 109 shares of the financial services provider's stock worth $31,000 after buying an additional 49 shares during the last quarter. Institutional investors own 85.53% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on AJG shares. Royal Bank of Canada upped their price target on Arthur J. Gallagher & Co. from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Barclays upped their price target on Arthur J. Gallagher & Co. from $300.00 to $308.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. The Goldman Sachs Group lowered Arthur J. Gallagher & Co. from a "buy" rating to a "neutral" rating and set a $313.00 price target for the company. in a research note on Monday, November 25th. Keefe, Bruyette & Woods upped their price target on Arthur J. Gallagher & Co. from $286.00 to $295.00 and gave the stock a "market perform" rating in a research note on Friday, January 31st. Finally, BMO Capital Markets upped their target price on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has a consensus rating of "Hold" and a consensus target price of $307.00.
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Arthur J. Gallagher & Co. Company Profile
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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 business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.
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