William F. Ziebell Sells 29,434 Shares of Arthur J. Gallagher & Co. (NYSE:AJG) Stock

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) VP William F. Ziebell sold 29,434 shares of the company’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $149.27, for a total value of $4,393,613.18. Following the completion of the transaction, the vice president now directly owns 27,614 shares in the company, valued at approximately $4,121,941.78. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of AJG stock traded up $5.50 during trading hours on Tuesday, hitting $155.21. The company’s stock had a trading volume of 1,041,172 shares, compared to its average volume of 988,501. The company has a 50 day moving average of $164.82 and a 200 day moving average of $163.44. The stock has a market cap of $32.60 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Arthur J. Gallagher & Co. has a 12-month low of $135.50 and a 12-month high of $187.02.

Arthur J. Gallagher & Co. (NYSE:AJGGet Rating) last released its quarterly earnings data on Thursday, April 28th. The financial services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.77 by $0.04. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. Arthur J. Gallagher & Co. had a net margin of 11.41% and a return on equity of 15.45%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 EPS. As a group, analysts anticipate that Arthur J. Gallagher & Co. will post 7.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.31%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is presently 44.93%.

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Arthur J. Gallagher & Co. from $193.00 to $209.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Truist Financial upped their target price on Arthur J. Gallagher & Co. from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, April 6th. UBS Group started coverage on Arthur J. Gallagher & Co. in a research note on Monday, April 18th. They set a “neutral” rating and a $192.00 price objective for the company. Jefferies Financial Group decreased their price objective on Arthur J. Gallagher & Co. from $214.00 to $211.00 in a research note on Thursday, June 16th. Finally, Evercore ISI set a $195.00 price objective on Arthur J. Gallagher & Co. in a research note on Monday. Five 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $183.11.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cresset Asset Management LLC boosted its holdings in Arthur J. Gallagher & Co. by 3.3% during the first quarter. Cresset Asset Management LLC now owns 2,077 shares of the financial services provider’s stock worth $363,000 after buying an additional 66 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Arthur J. Gallagher & Co. by 2.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 2,956 shares of the financial services provider’s stock worth $502,000 after buying an additional 71 shares in the last quarter. Levy Wealth Management Group LLC boosted its holdings in Arthur J. Gallagher & Co. by 0.3% during the first quarter. Levy Wealth Management Group LLC now owns 24,066 shares of the financial services provider’s stock worth $4,202,000 after buying an additional 73 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Arthur J. Gallagher & Co. by 14.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 590 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 76 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in Arthur J. Gallagher & Co. by 2.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,873 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 78 shares during the period. 84.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

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