Arthur J. Gallagher & Co. (NYSE:AJG) VP Joel D. Cavaness Sells 10,000 Shares of Stock

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) VP Joel D. Cavaness sold 10,000 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $192.72, for a total transaction of $1,927,200.00. Following the transaction, the vice president now owns 111,087 shares of the company’s stock, valued at $21,408,686.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Arthur J. Gallagher & Co. Stock Performance

Shares of NYSE:AJG opened at $195.75 on Tuesday. The company’s 50 day moving average price is $180.80 and its two-hundred day moving average price is $173.54. Arthur J. Gallagher & Co. has a 12-month low of $147.32 and a 12-month high of $196.62. The firm has a market cap of $41.27 billion, a PE ratio of 38.53, a PEG ratio of 2.46 and a beta of 0.68. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.05. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.04 billion. Arthur J. Gallagher & Co. had a net margin of 12.86% and a return on equity of 17.56%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Equities research analysts predict that Arthur J. Gallagher & Co. will post 7.77 earnings per share for the current year.

Arthur J. Gallagher & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 1.04%. Arthur J. Gallagher & Co.’s dividend payout ratio is currently 40.16%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Arthur J. Gallagher & Co. in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James upped their target price on shares of Arthur J. Gallagher & Co. from $195.00 to $205.00 and gave the company a “strong-buy” rating in a report on Monday, August 1st. Truist Financial upped their target price on shares of Arthur J. Gallagher & Co. from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, October 28th. Jefferies Financial Group upped their target price on shares of Arthur J. Gallagher & Co. from $208.00 to $215.00 in a report on Friday, October 7th. Finally, UBS Group upped their target price on shares of Arthur J. Gallagher & Co. to $197.00 in a report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Arthur J. Gallagher & Co. has an average rating of “Moderate Buy” and an average target price of $206.36.

Institutional Trading of Arthur J. Gallagher & Co.

A number of hedge funds have recently added to or reduced their stakes in AJG. FinTrust Capital Advisors LLC acquired a new stake in Arthur J. Gallagher & Co. in the first quarter valued at approximately $25,000. Karp Capital Management Corp bought a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at $28,000. Tsfg LLC raised its stake in shares of Arthur J. Gallagher & Co. by 48.8% during the third quarter. Tsfg LLC now owns 183 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 60 shares during the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the third quarter valued at $31,000. Finally, Zions Bancorporation N.A. raised its stake in shares of Arthur J. Gallagher & Co. by 55.1% during the second quarter. Zions Bancorporation N.A. now owns 197 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Arthur J. Gallagher & Co. Company Profile

(Get Rating)

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments.

Featured Articles

Insider Buying and Selling by Quarter for Arthur J. Gallagher & Co. (NYSE:AJG)

Receive News & Ratings for Arthur J. Gallagher & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arthur J. Gallagher & Co. and related companies with MarketBeat.com's FREE daily email newsletter.