Scott R. Hudson Sells 7,510 Shares of Arthur J. Gallagher & Co. (NYSE:AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJG - Get Free Report) VP Scott R. Hudson sold 7,510 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $333.59, for a total value of $2,505,260.90. Following the sale, the vice president now owns 90,020 shares in the company, valued at approximately $30,029,771.80. This represents a 7.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arthur J. Gallagher & Co. Price Performance

NYSE:AJG traded down $0.12 during trading hours on Tuesday, reaching $337.55. 1,426,982 shares of the company were exchanged, compared to its average volume of 1,147,627. The company has a market capitalization of $85.97 billion, a P/E ratio of 51.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50 day moving average of $318.01 and a 200 day moving average of $299.81. Arthur J. Gallagher & Co. has a 1-year low of $230.08 and a 1-year high of $345.43.

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, topping 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%. Research analysts forecast that Arthur J. Gallagher & Co. will post 11.54 EPS for the current year.

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Arthur J. Gallagher & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.77%. This is a boost from Arthur J. Gallagher & Co.'s previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 7th. Arthur J. Gallagher & Co.'s dividend payout ratio (DPR) is 39.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AJG. Piper Sandler raised shares of Arthur J. Gallagher & Co. from a "neutral" rating to an "overweight" rating and upped their target price for the company from $285.00 to $315.00 in a report on Wednesday, January 8th. Truist Financial upped their price objective on Arthur J. Gallagher & Co. from $275.00 to $290.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their target price 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. Redburn Atlantic initiated coverage on Arthur J. Gallagher & Co. in a research note on Tuesday. They issued a "neutral" rating and a $352.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Arthur J. Gallagher & Co. from $341.00 to $370.00 and gave the stock an "overweight" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. currently has an average rating of "Hold" and a consensus price target of $313.20.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in AJG. Wealth Enhancement Advisory Services LLC boosted its stake in Arthur J. Gallagher & Co. by 23.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 68,124 shares of the financial services provider's stock valued at $19,337,000 after buying an additional 12,730 shares in the last quarter. IronOak Wealth LLC. bought a new stake in shares of Arthur J. Gallagher & Co. during the 4th quarter valued at approximately $548,000. TFR Capital LLC. acquired a new position in Arthur J. Gallagher & Co. during the 4th quarter worth approximately $770,000. REAP Financial Group LLC lifted its stake in Arthur J. Gallagher & Co. by 50.0% in the 4th quarter. REAP Financial Group LLC now owns 213 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 71 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in Arthur J. Gallagher & Co. by 473.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,770 shares of the financial services provider's stock valued at $1,638,000 after buying an additional 4,764 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors.

Arthur J. Gallagher & Co. Company Profile

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 segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.